Cardano Price Analysis: Cardano (ADA) Loses 4%, Is $0.049 The Next Halt?

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• Cardano is down by 4% over the last 1 day.
• It may soon fall to the next support level at 0.049 USD.

Cardano has been reeling under pressure for the past few weeks. Over the last 24 hours as well, the coin lost a whopping 4%. It has dwindled from 0.053 USD to 0.051 USD in this short span.

Cardano Price Statistics-

ADA to USD Price Comparison-

Cardano started the day with a slump in the value which cost the coin 4.19% and forced the coin to be near 0.0525 USD by 08:51 UTC. It was followed by a hike of 4.04% and by 17:47 UTC, it could place the coin at 0.0546 USD. This makes the highest point of the coin for the day. A short stint of decrease in the value is followed after that, and it caused the loss of 0.0017 USD for Cardano. The final swing is the most important one as it is the biggest swing, and it took the coin to the lowest point as well. From 22:27 UTC, Cardano started weakening, and it touched 0.0504 USD by 04:43 UTC.

ADA Price Prediction-

Cardano’s 0.060 USD target is not very far away. But the coin needs to show some major turns in order to retain the faith amongst the investors. There is a possibility of a price recovery of Cardano by the end of August.