Cardano cryptocurrency trades up $0.002, approximately 0.63% higher this afternoon

Tentatively higher from an earlier low of $0.367, Cardano is up to $0.371 today, adding $0.002, or 0.63%, to today's closing price of $0.368.

Technical analysis trend indicators suggest that Cardano made an initial breakout above its 21 day Simple Moving Average at $0.373, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Cardano's upper Bollinger Band® is at $0.385, this is a slight indication of a slowdown. Support/Resistance levels obtained from chart analysis indicate that ADA reversed direction at $0.375 resistance zone and retreated back 1 cents below it.

With market volatility ebbing, the current technical outlook indicates Cardano will remain range-bound for the immediate future.

Cardano 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 $26,854, Bitcoin is up 1.65% today to currently trade at around $27,300.

Meanwhile, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

On a negative trend for around a month. ADA has a market cap of 12.92 billion with an average daily volume of 198.27 million.