Cardano Price Fails To Pierce Through $0.48 As Bears Continue To Dominate
Cardano's price has decreased on its graph. over the past day, ADA fell by 0.6%.
The bulls had helped the coin to soar close to the $0.46 level as demand for the coin returned briefly on the graph.
There has been rigid resistance to the altcoin of the $0.48 price mark the technical outlook of the Cardano price has to look bearish on the graph.
The support zone for the coin stood between $0.44 and $0.40 ADA may trying to move to $0.46 before attempting $0.48.
The live Cardano price today is $0.431903 with a 24-hour trading volume of $695,035,663.Cardano is down 5.67% in the last 24 hours.The current CoinMarketCap ranking is #8, with a live market cap of $14,788,411,873 USD. It has a circulating supply of 34,240,089,327 ADA coins and a max. supply of 45,000,000,000 ADA coins.
ADA Price Statistics Price Change of 24h is $0.02526 of 5.52%, 24h Low is $0.4264 and 24h High is $0.4589 with 1.61% Market Dominance.
There has been rigid resistance to the altcoin at the $0.48 price mark. ADA price has remained bearish on the graph.
ADA is trading 86% lower than its all-time high. with sustained demand, ADA should be able to manage to move above $0.48 which could cause the altcoin to invalidate its bearish thesis.
Cardano's price was below the 20-SMA line which pointed toward reduced demand for the altcoin. Cardano could attempt to move above the 20-SMA and 50-SMA border.