End of rally? After three days of gains, ADA is down $0.004 today

Cardano recovering almost all the way back to $0.37 today, after dipping down to $0.363.

Cardano made an initial break below its 10 day Simple Moving Average at $0.368, a possible indication of a forthcoming negative trend. ADA's upper Bollinger Band® is at $0.378 which indicates a further downward move may follow. On the other hand, note that Cardano could begin to recover as it approaches significant support, now 1 cents away from $0.367. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems ADA is likely to continue pointing down in the short term.

In the meantime, negative performances are also seen in other markets, Litecoin is down to $86.34, losing $5.31, after closing at $91.65 in the preceding trading session. After ending today's session at $115.68, Bitcoin Cash lost $2.96 and is trading around $112.72.

Other assets are showing positive performances as FTX Token gained 9.54% and is currently trading at $1.36.

Trending downwards for around a month. ADA has a market cap of 12.76 billion with an average daily volume of 196.10 million.