Cardano is down 0.68%, trading at $0.381

ADA drops from $0.383 to $0.381, losing $0.003 (0.68%) today.

Having stamped out a session range of $0.377 to $0.384, Fibonacci-inclined Cardano traders were highly concentrated around active Fibonacci support at $0.382. ADA's upper Bollinger Band® is at $0.407 which indicates a further downward move may follow. In contrast, Cardano could begin to recover as it approaches significant support, now 1 cents away from $0.378. Dipping below could be an indication that further losses are ahead.

Looking forward, ADA is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, Dogecoin descends 2.86% to trade around $0.083. Tezos USD draws back 3.41% to trade around $1.1.

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36.

Having soared to a high of $1.09 approximately a year ago, Cardano is now trading 64.81% lower. Cardano has a market cap of 13.23 billion with an average daily volume of 398.96 million.