Price Analysis
Now Reading
Cardano Price Analysis: Cardano (ADA) Hits Its 90-days Low At $0.055 Within A Day – CryptoNewsZ
2 2 0

Cardano Price Analysis: Cardano (ADA) Hits Its 90-days Low At $0.055 Within A Day – CryptoNewsZ

by Raphael PutongJuly 15, 2019
  • Cardano records 90-days low trading at $0.055 for a brief moment
  • Cardano may take longer to trade above $0.060 again

The current market scenario for all the cryptocurrencies is slow, and ADA token seems to be one of the worst hit of the fluctuations as the coin starts trading below $0.060. The coin has not shown any signs of recovery yet, and the current market performance is depressing and points towards the downward direction.

Cardano Price Statistics:

The price of ADA token seems to be the worst hit with the plunging price of Bitcoin as the coin has started trading below $0.060 within a day. There has been a downtrend of over 16% noted since yesterday when the coin was trading at $0.067, and it has now reached $0.056 as on July 15, 2019, at 05:32:14 UTC. ADA started the day trading at $0.058 and quickly fell as low as $0.054. It picked up a slight pace and is again moving downwards now.

ADA Price Prediction
ADA Price Chart by TradingView
  • The current trading price of ADA token is now $0.056 and 0.00000565 BTC
  • The 24 h volume has reached $113,644,374
  • The market cap of the coin is $1,471,105,900
  • The ROI of ADA stands at 161.74%
  • The circulating supply has been 25,927,070,538 ADA

ADA token’s highest value yesterday was $0.067, and in the last 7 days, the coin recorded the high at $0.082. It closed yesterday at $0.059 and now has further moved downwards to trade below $0.055. The first resistance level will be around $0.064 post, which it can resume with the surging trends.

Cardano Price Prediction:

This is a slow period for ADA token, and it may continue throughout this week. The coin may drop as low as $0.050 in the next one day before it picks up pace again and moves upwards steeply. It may also be able to cross the $0.070 mark by the end of the week despite a slow start. ADA token may close the month trading between $0.070 and $0.090.

Conclusion:

As the prices seem to be record low, it is a good time to invest in bulk and save for long-term gains.

Via cryptonewsz.com

About The Author
Raphael Putong