The cryptocurrencies are under heavy pullback pressure. The regressive trend started a couple of days ago and has managed to hang for a good period of time. The anticipations are that the coins would seem improving short, and till then, the traders are recommended to hold back their investment.
Cardano reflected a dramatic movement yesterday. However, despite the fluctuation, the coin managed to hold itself around $0.041. The opening and closing price on yesterday’s counters didn’t exhibit much change. Today, the movement of the ADA coin is sluggish and has already marked marginal regression.
Cardano Price Analysis
At the initial hour of March 10, Cardano’s price was spotted at $0.0415. In the next 20 mins, the coin was at $0.0409, which was followed by an immediate improvement of 2.91%. The price counters shifted from $0.0409 to $0.0421. The ADA price dribbled to $0.0415 and remained at the same level till 07:00 UTC. With a slight plunge to $0.0408, the currency escalated to $0.0429 at 12:54 UTC.
The currency was followed by a heavy plunge of 5.91%. This drop brought the price to $0.0405. However, Cardano again improved and touched $0.0410 and further climbed to $0.0419 at 22:40 UTC. The closing hour of the day was spotted with a mild regression. The day ended at $0.0413, with an intraday loss of 0.48%.
Today, ADA coin began with a tight hold around $0.0415. But then, at 05:34 UTC, the currency started trading downwards, and by 10:00 UTC, the price counter was at $0.0403. The coin spiked to $0.0409 but couldn’t hold itself and slipped back to $0.0406. The current price of Cardano is at $0.0406, which is currently trading towards immediate support of $0.0405. The same is speculated to be breached at any moment.