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ADA Price Analysis: Will Cardano Continue Its Upsurge?

The year 2019 has been kind of overwhelming for Cardona (ADA) with major highs and lows. The coin had reached its high in July 2019. Since then, the coin has been in a bearish trend, often being in the red zone. The past week had been better for ADA as it has seen growth in ADA/USD price.

Cardona (ADA) coin is in the 12th position as per the coinmarketcap data as of writing. The ADA coin has seen a steady surge of around 3% in the last 24 hrs. At present, the ADA/USD price is $0.045314 USD with a 3.06% growth rate, while the ADA/BTC price is 0.00000529 BTC with a 2.8% surge. The 24hr volume is $83,226,650 USD while the circulating supply is 25,927,070,538 ADA.

ADA Price Analysis for the last 7 days:

As seen in the chart below, the ADA coin had been in a bearish zone, dipping to $0.042 USD on 16th November. But since Nov 17, late hours, the Cardona coin has seen a great surge of approx 3%. This trend continues as of writing. The current surge rate is 3.06% and Analysts see a bullish trend continuing.

The ascent, which has occurred during the last two days, proves that Cardano ADA is on the rise. Cardano could easily spend another few days in the current value area before breaking out. Further, it could initiate a rapid price increase. 

Moreover, the project’s founder, Charles Hoskinson believes that Cardona will be a “Beast” in the upcoming year. He says, ADA is surely among the coins to be sought out for in 2020.

What do you think of this ADA price analysis? Do you think ADA will continue its upsurge? Will the Bear trend gain momentum? Share your views on our Facebook and Twitter pages.

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Nidhi Kolhapur

Nidhi is a passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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