Is Cardano (ADA) Trending Lower or Higher Wednesday?

Wednesday, January 05, 2022 10:34 AM | InvestorsObserver Analysts

Cardano receives an average long-term technical score of 57 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ADA holds a superior long-term technical analysis score than 57% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.

InvestorsObserver is giving Cardano a 57 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cardano!

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Trading Analysis

The current trading price of $1.330000000 for ADA is -$0.4700000 (-26.06%) below the coins 100-day moving average of $1.800000000. ADA meanwhile is $1.1200000 (-4639.49%) above its 52-week low of $0.210000000 and -$1.77000000 (-279.79%) under its 52-week high price of $3.100000000. Cardano's current price relative to the coins long-term average and 52-week high and low, gives the crypto an average long-term technical score of 57. The price movement and range of ADA suggest that investors are neutral on the coin at this time. Cardano currently has a total market cap of $44,514,000,707.73 to go along with its average daily volume of $9,162,735,199.53 worth of the currency over the past seven days. ADA's volume is below its seven day average as of the past 24 hours, with 1,018,716,267.23 exchanged in that period.

Summary

ADA's historical trading over the past year gives it a an average long-term technical score of 57 as its price movement in that time has given investors reason to be neutral on the coin in the long-term. Click Here to get the full Report on Cardano (ADA).