Cardano price has tried time and again to push the bear pressure away as evident from the price trend of Feb 28, 2019.
Cardano (ADA) price has had its turns of upward and downward movements since the beginning of the year. Even now the price of ADA has seen intermittent bullish and bearish momentum on Feb 28. The price of ADA has been oscillating in the range of $0.047–$0.051 over the past one day due to strong bearish undercurrent.
Cardano price has tried to stay afloat in the ongoing bearish volatility in the crypto market as seen from the one-day price chart of Feb 28 when the price of ADA was at a high of $0.0512. The mounting bear pressure saw the price of ADA dip to $0.0484, marking a fall of 5.38%. The coin managed to show an upward movement to the extent of 1.99% at $0.0494. However, the bears continued to exert pressure on ADA coin and it again went down to $0.0468, Showing a downward swing of 5.19%.
Though the price of ADA was below the baseline price, still it managed to have an upward rally at $0.0491 , the rise being to the tune of 4.74%. The bearish grip continued for the coin and it again was pushed down to $0.0476 at 19:13, fall being at 2.89%. The day ended on a high note for the coin as it reached $0.050 at 23:00 showing an upward swing of 4.13%. The current day’s price has slightly fallen to $0.0494, the fall showing at 1.2%.
Cardano price is slowing inching its way to a stable upward momentum even though the bears are very strong in the crypto market. Analysts expect the price of ADA to show more stability over the coming months as the bearish volatility is expected to subside in the crypto market.