Cardano (ADA) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has fallen 3.32% to $1.32.
InvestorsObserver is giving Cardano a 10 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cardano!
Low Volatility
InvestorsObserver gives Cardano a low volatility rank of 10, placing it in the bottom 10% of cryptos on the market.The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. ADA's low volatility reading is paired 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 favorably positioned going forward. With support around $1.24 and resistance set at $1.36. This leaves Cardano with room to run before facing selling pressures.