Cardano price increased by 2.71% over the past 24 hours.
ADA Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 2.71% | 21.31% | 60.84% | 99.51% | 32.24 bn | 2.43 bn |
Cardano (ADAUSDT) price over 7 days gained 21.31% to 0.87800 . For the record, ADAUSDT is -71.68% below all-time high of 3.10000.
Over the last 30 days, ADA is up by 60.84% while 12-month period is up by 99.51%.
For the week, our technical outlook seems stronger towards the upside as Cardano is up over the last 7 days.
What can we expect from Cardano today?
At time of writing, Cardano has increased by 2.71% over the past 24 hours. Our daily analysis is that traders are more interested in accumulating ADA than selling.
Looking ahead for the day, immediate upside resistance level at 0.92970 (R1) with break above could target 0.98140 (R2), while on the downside we are looking at 0.83390 (S1) or daily low of 0.84150 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 0.78980 (S2).
Key levels to watch out:
| R3 | 1.02550 |
| R2 | 0.98140 |
| R1 | 0.92970 |
| Daily Pivot | 0.88560 |
| S1 | 0.83390 |
| S2 | 0.78980 |
| S3 | 0.73810 |
About Cardano
Cardano is a proof-of-stake blockchain platform designed to support decentralized applications (dApps), featuring a multi-asset ledger and smart contract functionality. Unlike many other blockchains, Cardano is built from the ground up based on original academic research, with proposed solutions undergoing peer review and presentation at international conferences before development. The platform emphasizes a research-driven and formal methods approach to design and implementation.
