Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptopolitan 2021-09-17 08:25:00

Cardano Price Analysis: ADA rejected at $2.44, bears still in control

TL;DR Breakdown Cardano price analysis for today is bearishADA/USD saw little volatility in the last 24-hoursADA resists further upside at $2.44 The Cardano price analysis for today is bearish, as the market has been unable to proceed past the $2.45 mark after a strong rise in recent hours. As a result, we anticipate ADA/USD to retreat and attempt to revisit the $2.20 – $2.30 support area. Over the last 24 hours, the cryptocurrency market has been in a downward trend. Bitcoin dropped 0.78 percent, while Ethereum declined by 2.48 percent. Avalanche (AVAX) is still the most successful, with a gain of 9 percent. Cardano price movement in the last 24 hours: Cardano rejected at $2.45 The price of Cardano declined from $2.80 to the $2.40 zone between Saturday night and Sunday, a price action that was blamed on profit-taking traders. The cryptocurrency’s price has fluctuated in a daily range of $2.4 to $2.442, suggesting little volatility in the last 24 hours. The total trade volume has declined by 28.77 percent and stands at $3.027 billion, while the overall market capitalization trades at around $77.34 billion as of this writing. ADA/USD 4-hour chart: ADA set to reverse again? The Cardano price has rejected further upside on the 4-hour chart, suggesting a reversal is on the way. ADA/USD 4-hour chart. Source: TradingView In the past week, Cardano has seen considerable consolidation in a broad range. ADA/USD began a seve...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.