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- Cardano has shown four major price swings in the last 24 hours in the range of 3% and 9%.
- The target for 2019 remains at 0.2 USD.
Cardano coin is a major coin in the market with very high stability and market cap. It is ranked at 12th position, and it has a low Return on Investment as of now. But the coin has huge potential to perform in the near future and reach its optimal position. Here is an analysis of Cardano’s price movement in the last 24 hours. It has gone down slightly, but it has a bullish medium-term outlook. The coin may go to as high as 0.2 USD by the end of this year. This analysis is aimed at helping short-term traders in order to reorganize their investments. Let us look at the current details of the coin first.
ADA Price Statistics-
| Cardano (ADA) | 14th July 04:54 UTC |
| Rank | 12th |
| ROI (Return on Investment) | 206.57% |
| Coin Circulation | 31,112,483,745 ADA |
| Market Cap | 1,724,573,324 USD |
| Value in USD | 0.066176 USD |
| Value in BTC | 0.00000589 BTC |
| 24h Volume | 94,927,949 USD |
Cardano to USD Price Comparison-
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ADA faced its first swing in terms of a steep fall of 3.57%. This fall cost the coin 0.002 USD, and this happened between 00:19 UTC and 04:10 UTC. It was followed by a rise of 5.34% and the coin gained 0.003 USD between 04:10 UTC and 09:40 UTC. The biggest variation happened between 09:40 UTC and 21:07 UTC. Over these 11 hours and 27 minutes, the coin lost 9.25% or 0.006 USD. It was followed by a steep rise of 4.19% or 0.002 USD. These are the four major price swings of Cardano in the last 24 hours. All these swings have been in the range of 3% and 9%.
Cardano Price Prediction-
The medium-term outlook of Cardano is bullish, and the coin may reach 0.2 USD by the end of this year. Today’s closing may happen near 0.07 USD. The next resistance points are 0.070270333 USD, 0.073770667 USD, and 0.076622333 USD. The support levels are 0.063918333 USD, 0.061066667 USD, and 0.057566333 USD.
Conclusion-
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The coin has a huge potential to realize in the near future. Short-term traders need to trade, keeping 0.07 USD in mind. On the medium-term, it may give more than 100% returns on the current investment value.
