ADA cryptocurrency trades up $0.012, approximately 2.81% higher going into tomorrow

Cardano spikes to $0.45 gaining $0.012.

Following today's trading session, chart analysis suggests Cardano broke through the $0.445 resistance, climbing 2 cents above it. With regards to technical trend indicators, chart analysis show that investors are seeking long positions as ADA price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Momentum evaluation shows that the Relative Strength Index indicates Cardano is in an overbought condition. According to asset volatility analysis, ADA's upper Bollinger Band® is at $0.441, this is a slight indication of a slowdown.

Notwithstanding Cardano's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Cardano shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $7.75, Chainlink USD is up 3.1% today to currently trade at around $8. NEAR Protocol is up 3.9%.

Cardano hit a significant low of $0.244 around 3 months ago, but has since recovered 79.38%. Cardano has a market cap of 15.64 billion with an average daily volume of 366.80 million.