After four days of going up, Cardano is down $0.002 today

Slightly weaker but mostly flat: Cardano is currently trading at $0.259 as it maintains an active range between $0.259 and $0.262.

Chart analysis suggests Cardano is currently alternating around $0.259 with price action moving above and below this key level throughout the session. According to momentum evaluation, the Relative Strength Index indicates Cardano is in an oversold condition, which could precipitate a reversal and set up a new bullish phase.

In the meantime, negative performances are also seen in other markets, Tezos USD is down to $0.712, losing $0.009, after closing at $0.721 in the preceding trading session.

Other assets are showing positive performances as FTX Token is up 9.54%. Having closed the previous session at $0.115, Algorand USD is up 1.5% today to currently trade at around $0.117.

Having soared to a high of $0.57 approximately 10 months ago, ADA is now trading 54.2% lower. Cardano is currently trading with a market cap of 9 billion with an average daily volume of 308.24 million.