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April 24, 2023Cardano is down to $0.387, after ending today at $0.389. Overall, a 0.53% loss or $0.002 today.
Bollinger Bands® shows an indication of recovery: the lower band is at $0.359, a low enough level to, generally, suggest that Cardano is trading below its fair value. ADA could begin to recover as it approaches significant support, now 1 cents away from $0.38. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems Cardano —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD is up 1.62% to $6.47.
ADA is now trading 56.62% below the significant high of $0.897 it set around 11 months ago. ADA has a market cap of 13.47 billion with an average daily volume of 378.66 million.
