Cryptopolitan
2021-09-14 03:41:13

Cardano Price Analysis: Sell the news traders sink ADA/USD to $2.30 zone

TL;DR Breakdown Cardano price analysis shows signs of recoveryADA/USD declined overnight back to $2.350Cardano holds above $2.40 The 24-hour candlesticks on our Cardano price analysis indicate signs of a bullish market despite being stuck below the $2.50 price barrier since the launch of smart contracts. The market price went for another retest of the $2.55 zone in the early morning but rejected further upsides.  As a result, the price fell back to $2.4 and the buyers are presently attempting to retest a higher level. Therefore, we are anticipating ADA/USD to reverse over the next 24 hours and move back above the $2.55 mark. Cryptocurrency heat map. Source: Coin360 The overall market traded in with mixed signals after some coins recorded gains while others posted losses. Bitcoin and Ethereum gained 0.25 percent and 0.21 percent respectively. Market losers include XRP, ADA, BNB, and SOL.  Cardano price movement in the last 24 hours: Cardano retraces back to $2.40 ADA/USD traded in a range of $2.379 – $2.472, indicating strong volatility over the last 24 hours. Trading volume dropped by 28 percent and totals $5.74 billion, while the total market capitalization trades around $76.44 billion after a 24-hour drop of 2.18 percent. Cardano is ranked at position #3 overall by market cap. ADA/USD 4-hour chart: ADA set to reverse again today? On the 4-hour Cardano price analysis chart, we can see the ADA/USD  price rejecting f...

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