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Trading Signals

ADA gains positive traction for a 5th successive day

10 April 2023

ADAUSD

Cardano goes up to $0.391, having dipped down to $0.385 earlier.

Despite posting gains so far today, Cardano slid below its 10 day Simple Moving Average at $0.388 in earlier trade — an early indicator that a negative trend could be emerging. Cardano's upper Bollinger Band® is at $0.408, this is a slight indication of a slowdown. Cardano reversed direction at $0.394 resistance zone and retreated back 1 cents below it.

Examining the technical analysis landscape, ADA is likely to reverse course and start pointing downward in the short term.

Other markets are also showing gains as FTX Token is up 9.54%. Having closed the previous session at $28,324, Bitcoin is up 2.89% today to currently trade at around $29,143. Having closed the previous session at $90.65, Litecoin is up 2.34% today to currently trade at around $92.77.

ADA is now trading 62.41% below the significant high of $1.04 it set around a year ago. Cardano is currently trading with a market cap of 13.58 billion with an average daily volume of 367.68 million.

Market Summary

Latest Crypto News

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XRP is down 0.31%, trading at $0.458

Mixed sentiment leads Avalanche cryptocurrency to trade sideways; establishes tight $16.93 to $17.16 range

FTX cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

Binance Coin cryptocurrency trades up $1, approximately 0.32% higher going into tomorrow

US markets end yesterday lower alongside bearish sentiment in European indices

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