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July 03, 2023
After closing at $0.292 today, ADA began today at $0.292 with significant bullish sentiment driving ADA's price action higher. So far today, price action has drawn out a distinct $0.291 to $0.296 range.
Cardano could be slowing down soon as it approaches resistance at $0.295. Of course, crossing it might suggest further gains are ahead. Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.305, thereby suggesting that Cardano is becoming overvalued.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates ADA is set for a reversal in the coming days.
ADA shows positive signs, other assets are also on par: FTX Token gained 9.54% and is currently trading at $1.36. Having closed the previous session at $0.076, TRON is up 1.61% today to currently trade at around $0.077.
Meanwhile, Bitcoin Cash is down to $292.35, losing $6.34, after closing at $298.69 in the preceding trading session.
ADA is now trading 25.08% below its 3-month high of $0.57. ADA has a market cap of 10.27 billion with an average daily volume of 250.66 million.
