ADA slides down from $0.394 to $0.393 today, losing $0.001 (0.16%).
Cardano is climbing away and is now 2 cents from the $0.378 support line. ADA made an initial breakout above its 10 day Simple Moving Average at $0.395, a potential indicator of a newly emerging bullish phase.
Despite muted price action in ADA, chart analysis indicates it is positioned for a bullish run in the short term.
While Cardano is pretty flat so far today, mixed performances are seen elsewhere as FTX Token rallies 9.54% to trade around $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Bitcoin Cash is down to $118.56, losing $1.65, after closing at $120.21 in the preceding trading session.
ADA has shed $0.514 points and is languishing 56.6% lower over the past year, leaving its yearly highs around $0.897 in the rear-view mirror. ADA is currently trading with a market cap of 13.70 billion with an average daily volume of 359.48 million.