| 
May 02, 2023ADA is now trading at $0.386 after tracing out a steady $0.384 – $0.387 range today.
Trend analysis indicates that Cardano made an initial break below its 50 day Simple Moving Average at $0.385, a possible indication of a forthcoming negative trend. According to asset volatility analysis, ADA's upper Bollinger Band® is at $0.454 and the lower is $0.361. Analysis of Cardano's recent price action suggests Cardano is climbing away and is now 1 cents from the $0.377 support line.
Overall, the technical outlook suggests ADA is likely to remain muted for the immediate future, with no clear-cut direction.
While ADA is pretty flat so far today, mixed performances are seen elsewhere as FTX Token soars 9.54% to trade around $1.36. Binance Coin is down to $323.74, losing $4.31, after closing at $328.04 in the preceding trading session. UNICORN Token USD climbs 1.62% to trade around $6.47.
ADA reached a significant high of $0.897 around 11 months ago but has lost 56.91% since then. Cardano is currently trading with a market cap of 13.44 billion with an average daily volume of 387.15 million.
