After three days of declines, Cardano is up $0.001 today

Currently trading at $0.363, ADA remains range-bound between $0.359 and $0.364.

Cardano's lower Bollinger Band® is at $0.346, indicating that the market is oversold and fertile for new buyers. In contrast, ADA price action is currently oscillating around the $0.363 resistance level with prices moving above and below several times during the session.

Examining the technical analysis landscape, ADA might continue its downtrend in the short term.

Other markets are also showing gains as FTX Token is up 9.54%. TRON is up 1.79%.

At the same time, UNICORN Token USD is trading around $6.43 (down $0.197).

Cardano has fallen back around 70.17% from the significant high of $1.21 set 10 months ago. ADA has a market cap of 12.58 billion with an average daily volume of 279.30 million.