Cardano (ADA) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has gained 4.81% to $1.17.
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 pairs 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 trading near resistance. With support at $1.07 and resistance near $1.17. This positions Cardano with potential selling pressures ahead as it may be getting over extended.