ADA cryptocurrency trades up $0.006, approximately 1.65% higher this afternoon

After closing at $0.394 today, Cardano began today at $0.394 with significant bullish sentiment driving Cardano's price action higher. So far today, price action has drawn out a distinct $0.393 to $0.4 range.

Crossed the $0.4 Fibonacci level, next level is at $0.409. Chart analysis indicates Cardano broke through the $0.397 resistance and climbed 1 cents above it.

ADA shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin goes up 1.54% to trade around $28,717.

Meanwhile, UNICORN Token USD closed at $6.43 (down 2.98%).

ADA is now trading 56.06% below the significant high of $0.897 it set around 11 months ago. ADA has a market cap of 13.94 billion with an average daily volume of 356.29 million.