Cardano price increased by 8.02% over the past 24 hours.
ADA Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 8.02% | -5.15% | -31.15% | 45.31% | 21.17 bn | 1.54 bn |
Cardano (ADAUSDT) price over 7 days dropped -5.15% to 0.57930 . For the record, ADAUSDT is -81.31% below all-time high of 3.10000.
Over the last 30 days, ADA is down by -31.15% while 12-month period is up by 45.31%.
For the week, our technical outlook looks uncertain as Cardano is not performing well over the last 7 days.
What can we expect from Cardano today?
At time of writing, however, Cardano has increased by 8.02% over the past 24 hours. Our daily analysis is that the price action looks mixed.
Looking ahead for the day, immediate upside resistance level at 0.60387 (R1) with break above could target 0.62843 (R2), while on the downside we are looking at 0.53717 (S1) or daily low of 0.51960 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 0.49503 (S2).
Key levels to watch out:
| R3 | 0.67057 |
| R2 | 0.62843 |
| R1 | 0.60387 |
| Daily Pivot | 0.56173 |
| S1 | 0.53717 |
| S2 | 0.49503 |
| S3 | 0.47047 |
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.
