After four days of going up, ADA is down $0.013 today

Cardano drops from $0.392 to $0.379, losing $0.013 (3.22%) today.

Cardano made an initial break below its 10 day Simple Moving Average at $0.386, a possible indication of a forthcoming negative trend. Cardano is currently flirting with an active Fibonacci support level around $0.386. Cardano's upper Bollinger Band® is at $0.408 which indicates a further downward move may follow. On the other hand, note that ADA could begin to recover as it approaches significant support, now 1 cents away from $0.388. Dipping below could be an indication that further losses are ahead.

Looking forward, ADA is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, Dogecoin is down $0.002 from the beginning of the session and now trades around $0.09. Ethereum closed at $1,865.76 (down 2.21%).

Other assets are showing positive performances as FTX Token is up 9.54%.

ADA has fallen back around 64% over the past 11 months, from a notable high of $1.09. ADA has a market cap of 13.18 billion with an average daily volume of 402.54 million.