Cardano (ADA) Has Dropped By Almost 1.5%; Falls Below $0.050

Cardano has taken a hit of almost 1.47% since yesterday, and it has gone below 0.049 USD from 0.050 USD. The latest fall delays the possibility of the ADA coin’s bullish rise in the short-term. However, the medium-term of the Cardano is likely to be bullish. Before analyzing the five price swings of the day, we should look at the current details of the coin now.

Current Statistics of Cardano-

 ADA to USD Price Comparison-

Cardano price was at $0.050182 at the time of opening and between 00:28 UTC and 03:50 UTC, it saw a hike of 5% which took the coin to $0.052735. This makes the top moment of the Cardano for the day. However, it was soon followed by a weakening of 4.41% that forced the ADA coin to $0.050416 by 15:52 UTC. After a few hours of fluctuations, Cardano price again fell by 4.76%, and this time the ADA coin price fell to $0.048445 by 21:19 UTC, this makes the lowest point of the coin. However, towards the closing, the coin managed show strength and with the help of a 5.25% hike ADA price was at $0.050990 by 01:23 UTC of today. The last swing of the Cardano happened between 01:23 UTC and 04:59 UTC and this took away $0.001 from the value of each ADA coin against USD.

Cardano Price Prediction-

The value of Cardano is below 0.050 USD as of now and this constant hide and seek with 0.050 USD hints at a delayed price rally. However, in the long-term, the coin is likely to run bullish. The details of the next three possible resistance and support levels are given below.