Cardano sheds $0.002 to trade around $0.382

Struggling to find upward momentum, ADA has shed $0.002 to currently trade at $0.382 as it ranges between $0.378 and $0.384 so far today.

Cardano's lower Bollinger Band® is at $0.359, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. ADA reversed direction at $0.378 support zone and climbed 1 cents above it. On the other hand, note that Cardano is currently flirting with an active Fibonacci support level around $0.382.

Overall, looking at the technical analysis landscape, it seems ADA —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. After ending today's session at $0.989, MaticNetwork USD lost $0.015 and is trading around $0.974.

Other assets are showing positive performances as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Over the past 11 months, ADA has retreated 57.22% from a noteworthy peak of $0.897. Cardano has a market cap of 13.29 billion with an average daily volume of 375.49 million.