After six days of declines, Cardano is up $0.002 today

After dipping down to $0.3, ADA regains earlier losses and goes up to $0.311.

Cardano made an initial breakout above its 3 day Simple Moving Average at $0.31, a potential indicator of a newly emerging bullish phase. Cardano's lower Bollinger Band® is at $0.295, indicating that the market is oversold and fertile for new buyers. On the other hand, note that ADA could be slowing down soon; it is getting close to the resistance line and is now at $0.319, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

ADA continues to move higher with technical analysis indicating the trend will continue in the short term.

ADA shows positive signs, other assets are also on par: FTX Token added 9.54% to its value, now trading at $1.36.

At the same time, after ending today's session at $76.78, Litecoin lost $6 and is trading around $70.8. TRON is down to $0.057, losing $0.002, after closing at $0.059 in the preceding trading session.

Over the past 11 months, ADA has retreated 74.5% from a noteworthy peak of $1.21. Cardano has a market cap of 10.80 billion with an average daily volume of 281.33 million.