ADA Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| -3.40% | -19.91% | -32.37% | -61.24% | 10.55 bn | 0.69 bn |
Cardano (ADAUSDT) price over 7 days dropped -19.91% to 0.28730 . For the record, ADAUSDT is -90.73% below all-time high of 3.10000.
Over the last 30 days, ADA is down by -32.37% while 12-month period is down by -61.24%.
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, Cardano has decreased by -3.40% over the past 24 hours. Our daily analysis is that there could be selling pressure.
Looking ahead for the day, immediate support level is at 0.27750 (S1) with break below could see further selling pressure towards 0.26770 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 0.30270 as a possible indicator of buying interest. Break above could target 0.31250. Rejection from the resistance level could suggest price consolidation.
Key levels to watch out:
| R3 | 0.32230 |
| R2 | 0.31250 |
| R1 | 0.29990 |
| Daily Pivot | 0.29010 |
| S1 | 0.27750 |
| S2 | 0.26770 |
| S3 | 0.25510 |
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.