Cardano (ADA) has been relatively less volatile compared to the crypto market. So far Saturday, the crypto has dropped 1.9% to $1.33.
InvestorsObserver is giving Cardano a 13 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cardano!
Low VolatilityInvestorsObserver gives Cardano a low volatility rank of 13, placing it in the bottom 13% of cryptos on the market.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ADA's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.
Cardano price is well positioned going forward. With support around $1.27 and resistance near $1.36. This leaves Cardano with room to run before facing selling pressures.