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Cardanotrend

ADAUSD - 1D Chart AnalysisAfter it's last failed attempt of crossing the 20 days Moving Average on the 20th of January, the price of Cardano seems to be set to continue it's bearish trend, influenced by the low demand for the coin despite it's very well looking project. Since the 1st of January, the coin has registered a loss of 0.0029$ (representing only 6.90% from it's initial value) but at this stage, the odds are not looking too favorable for the following days. From the technical perspective, the price has bounced back from the lower standard deviation of the Bollinger Bands but the increase wasn't strong enough to change the trend direction. On top of this, with the RSI having a neutral position and with the Stochastic registering multiple crossovers but without any major impact, it seems that the price will continue it's sideways movement in this bearish trend. If the trading volumes will remain as low as we could see it in the last weeks, the price has big chances to continue is decrease towards the level of 0.0361
BINANCE:ADAUSD
by ReadBTC
Something about CardanoOn Sunday Cardano did not bring us any good news. It fell bellow the $0.029270. It was trading at 0.029270 by 06:31 (11:31 GMT) on the Investing.com Index, down 4.28% on the day. Unfortunately, it was the largest one-day percentage loss since December 1. Therefore, this move downwards pushed Cardano's market cap down to $758.94302M, or 0.73% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B. During the last week Cardano lost 5,15% in value. It has traded in a range of $0.0277 to $0.0318 in the past 7 days. As we do not have any positive announcement about Cardano or any developements were released, and in my opinion it will be traded in a range of $0.028054 to $0.029414 in the upcoming twenty-four hours. At its current price, Cardano is still down 97.83% from its all-time high of $1.35 set on January 4.
BITTREX:ADAUSDShort
by UnknownUnicorn3807684