Cardano (ADA) Rises 2.75%, Outperforms the Crypto Market Friday

Friday, February 25, 2022 03:56 PM | InvestorsObserver Analysts

Cardano (ADA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has gained 2.75% to $0.8818939341.

InvestorsObserver is giving Cardano a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cardano!

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Moderately Volatile

InvestorsObserver gives Cardano a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. ADA's moderate volatility reading comes 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 $0.779953037966908 and resistance around $0.909485434760274. This positions Cardano with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.