Cardano (ADA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has lost 3.86% to $0.5809126089.
Moderately VolatileInvestorsObserver gives Cardano a moderate volatility rank of 37, placing it in the bottom 37% of cryptos on the market.
The Volatility Gauge analyzes 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 favorably positioned going forward. With support near $0.523429060112172 and resistance around $0.612596595417196. This positions Cardano with room to run before facing selling pressures.