Cardano receives a strong long-term technical score of 71 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
ADA currently holds a superior long-term technical analysis score than 71% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
The current trading price of $0.990000000 for ADA is -$0.3800000 (-27.82%) below the coins 100-day moving average of $1.370000000. ADA meanwhile is $0.1600000 (-1215.08%) above its 52-week low of $0.820000000 and -$2.11000000 (-290.85%) 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 a strong long-term technical score of 71. The price movement and range of ADA suggest that investors are neutral on the coin at this time.
Cardano has a total market value of $33,154,577,509.57 with an high average daily volume of $8,263,245,690.59 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ADA’s volume is below its average with $1,193,930,988.25 exchanged in total.
Summary
Technical analysis of Cardano over the past year results in the crypto receiving a a strong long-term technical score of 71 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Cardano (ADA).
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