ADA cryptocurrency trades up $0.001, approximately 0.39% higher this morning

After closing the previous trading day at $0.36, Cardano is up to $0.361, which makes for a move of 0.39%/$0.001 today.

Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.383, thereby suggesting that Cardano is becoming overvalued.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Cardano is set for a reversal in the coming days.

Cardano shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. Bitcoin Cash gained 1.35% and is currently trading at $125.66. TRON added 0.56% to its value, now trading at $0.064.

Cardano is currently trading with a market cap of 12.54 billion with an average daily volume of 308.12 million.