ADA is trading around $0.367, down by $0.001 (0.31%)

Struggling to find upward momentum, ADA has shed $0.001 to currently trade at $0.367 as it ranges between $0.365 and $0.376 so far today.

Cardano could begin to recover as it approaches significant support, now 1 cents away from $0.362. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, ADA peaked above its 10 day Simple Moving Average around $0.368 — typically an early indicator of a new bullish trend beginning to emerge. Cardano's lower Bollinger Band® is at $0.351, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, looking at the technical analysis landscape, it seems ADA —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

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 having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $90.12, Litecoin is up 2.53% today to currently trade at around $92.4.

Pointing downwards for around a month. Cardano is currently trading with a market cap of 12.79 billion with an average daily volume of 229.13 million.