Cardano up $0.015 to $0.285 building up on its four days of gains

ADA trades at $0.285 after gaining $0.015 (5.62%).

Cardano broke through the $0.274 resistance, climbing 1 cents above it. The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions.

Overall, looking at the technical analysis landscape, it seems ADA might continue pointing upwards in the short term.

ADA shows positive signs, other assets are also on par: Bitcoin Cash is up 22.69%. Bitcoin is up 6.89%. FTX Token soars 9.54% to trade around $1.36.

ADA has shed 27.45% over the past three months. ADA has a market cap of 9.96 billion with an average daily volume of 308 million.