ADA is down by $0.001 (-0.36%); currently trading around $0.366

Cardano weakened earlier in the day, before moving away from its $0.363 low and recovering back to $0.366.

Despite being in the red so far in the current trading session, Cardano peaked above its 10 day Simple Moving Average around $0.369 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $0.352, a low enough level to, generally, suggest that ADA is trading below its fair value. ADA could begin to recover as it approaches significant support, now 1 cents away from $0.363. Dipping below could be an indication that further losses are ahead.

Technical analysis shows that Cardano (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD is trading around $6.43 (down $0.197). Ripple goes down 1.09% to trade around $0.423.

Other assets are showing positive performances as FTX Token leaps up 9.54% to trade around $1.36.

Pointing downwards for around a month. Cardano has a market cap of 12.75 billion with an average daily volume of 242.17 million.