Cardano (ADA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has increased 3.02% to $0.6522851945.
InvestorsObserver is giving Cardano a 28 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 28, placing it in the bottom 28% of cryptos on the market.The Volatility Gauge tracks meaning that one day won't make or break its rank. 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 trading near resistance. With support set at $0.620525731904279 and resistance set at $0.65797974096037. This positions Cardano with potential selling pressures ahead as it may be getting over extended.