ADA ended the previous session at $0.417; currently trading at $0.414

After closing at $0.417 today, ADA opened today at $0.417, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, ADA retains a distinct $0.412 to $0.422 daily range.

Technical analysis shows that Cardano could begin to recover as it approaches significant support, now 1 cents away from $0.407. Dipping below could be an indication that further losses are ahead.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD closed at $6.43 (down 2.98%).

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36. Dogecoin rises 3.57% to trade around $0.091.

ADA has managed to gain 67.73% so far this year despite trading at lows around $0.244 previously. ADA is currently trading with a market cap of 14.41 billion with an average daily volume of 404.23 million.