Cardano cryptocurrency trades up $0.006, approximately 1.64% higher going into tomorrow

After ending the previous trading day at $0.358, ADA went up to $0.366 only to drop back; still positive overall today, now trading at $0.364.

Trend-following investors would be interested to note that Cardano made an initial breakout above its 5 day Simple Moving Average at $0.364, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that ADA's upper Bollinger Band® is at $0.375, this is a slight indication of a slowdown. Following today's trading session, chart analysis suggests Cardano could be slowing down soon as it approaches resistance at $0.363. Of course, crossing it might suggest further gains are ahead.

Overall, the technical outlook suggests Cardano is likely to remain muted for the immediate future, with no clear-cut direction.

ADA shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.844, EOS is up 5.37% today to currently trade at around $0.889. Ripple added 2.71% to its value, now trading at $0.466.

Trending downwards for around a month. Cardano has a market cap of 12.71 billion with an average daily volume of 190.93 million.