ADA cryptocurrency trades up $0.014, approximately 3.77% higher going into tomorrow

ADA trades at $0.378 after gaining $0.014 (3.77%).

Trend and momentum analysis indicates that Cardano made an initial breakout above its 21 day Simple Moving Average at $0.37, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, ADA's upper Bollinger Band® is at $0.384, this is a slight indication of a slowdown. Following today's trading session, chart analysis suggests Cardano is 1 cents away from testing key resistance at $0.384. Peaking above this level could inspire market bulls and open the path to further gains.

All in all, the technical analysis suggests Cardano has no clear-cut direction.

ADA shows positive signs, other assets are also on par: TRON is up 8.68%. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple is up 3.51%.

Trending downwards for around a month. Cardano has a market cap of 13.20 billion with an average daily volume of 169.68 million.