Is it the end of Cardano's rally? After three days of gains, it is down by 0.29% today

Slightly weaker but mostly flat: Cardano is currently trading at $0.274 as it maintains an active range between $0.271 and $0.277.

Cardano could begin to recover as it approaches significant support, now 1 cents away from $0.268. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Cardano peaked above its 5 day Simple Moving Average around $0.278 — typically an early indicator of a new bullish trend beginning to emerge.

Overall, looking at the technical analysis landscape, it seems Cardano —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, Ripple closed at $0.502 (down 3.26%).

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $4.28, UNICORN Token USD is up 7.55% today to currently trade at around $4.61.

Having set a significant high of $0.57 9 months ago, Cardano is trading 51.78% lower. ADA has a market cap of 9.57 billion with an average daily volume of 303 million.