Is it the end of ADA's rally? After four days of gains, it is down by 0.68% today

Cardano recovering almost all the way back to $0.383 today, after dipping down to $0.38.

The Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Having crossed the upper Bollinger Band® at $0.38, ADA could be headed for an upward correction. Cardano could begin to recover as it approaches significant support, now 1 cents away from $0.37. Dipping below could be an indication that further losses are ahead. Despite this, bearish sentiment was sufficient to push prices below the known Fib level of $0.382 serving as intraday support.

Despite suffering losses in today's session, technical analysis is indicating that ADA will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other markets, after ending today's session at $0.912, EOS lost $0.012 and is trading around $0.9.

Other assets are showing positive performances as FTX Token is up 9.54%. UNICORN Token USD is up 1.62%.

On a negative trend for around a month. ADA is currently trading with a market cap of 13.28 billion with an average daily volume of 185.29 million.