Cardano (ADA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has advanced 0.43% to $0.5478854272.
InvestorsObserver is giving Cardano a 34 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cardano!
Moderately Volatile
InvestorsObserver gives Cardano a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. ADA's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Cardano price is well positioned going forward. With support set at $0.530282510168747 and resistance at $0.553906989939408. This leaves Cardano with room to run before facing selling pressures.