ADA is trading around $0.26, down by $0.003 (1.05%)

ADA is grinding lower from $0.263 to $0.26, shedding $0.003 (1.05%) today.

Momentum evaluation shows that the Relative Strength Index indicates Cardano is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. Chart analysis suggests ADA could begin to recover as it approaches significant support, now 1 cents away from $0.259. Dipping below could be an indication that further losses are ahead.

In the meantime, negative performances are also seen in other markets, after ending today's session at $0.493, Ripple lost $0.01 and is trading around $0.483. TRON is trading around $0.069 (down $0.001).

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 set a significant high of $0.57 10 months ago, Cardano is trading 53.89% lower. Cardano has a market cap of 9 billion with an average daily volume of 307.89 million.