Cardano is ranked at #11 below Monero but above TRON in the market. The trading volume recorded stands at $47.053 million, whereas the supply has 25,927,070,538 ADA coins in play. As of this moment, the total market cap of Cardano is $1.186 billion. For now, ADA is priced at $0.045745, and a decline rate of 4.38% was felt in the course of the past 24-hours.
According to data obtained from the ADA/USD candlestick chart on tradingview, the price is being impaired due to sellers acting up. The 4-hourly RSI is at $45.81, and it might sink further. From a day back, the MACD line has been soaring beneath the signal line. This points to bearish pressure influencing the asset at present.
The Ichimoku Cloud may turn green after a day or two, which indicates the pressure due to buyers shall also return. The Awesome Oscillator peaks range above the zero line, but the final few bear the brown shade.
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**DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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