| 
April 14, 2023
ADA reached $0.444, breaking a 6 months record. Later, it lost $0.016 and is now trading at $0.428.
Visual analysis of Cardano's chart shows that Cardano could be slowing down soon as it approaches resistance at $0.436. Of course, crossing it might suggest further gains are ahead. Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to momentum evaluation, the Relative Strength Index indicates Cardano is in an overbought condition. Asset volatility analysis shows that ADA's upper Bollinger Band® is at $0.431, this is a slight indication of a slowdown.
Overall, while ADA has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Cardano shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $2,012.61, Ethereum is up 2.36% today to currently trade at around $2,060.
At the same time, EOS is down $0.04 from the beginning of the session and now trades around $1.22.
Cardano has gained 71.88% since its lowest print of $0.244 earlier this year. Cardano is currently trading with a market cap of 14.87 billion with an average daily volume of 330.17 million.
