Current Price: $0.7936
Market Capitalization: $27.8 billion
24-Hour Trading Volume: $2.1 billion
Circulating Supply: 35.03 billion ADA
Total Supply: 45 billion ADA
All-Time High: $3.10 (September 2, 2021)
All-Time Low: $0.01735 (October 1, 2017)
Moving Averages
ADA is trading above its 50-day ($0.602) and 200-day ($0.530) moving averages, indicating a strong bullish trend.
Relative Strength Index (RSI)
The RSI stands at 68, suggesting strong buying momentum but approaching overbought territory.
MACD
The MACD line remains above the signal line, with a widening histogram indicating strengthening bullish momentum.
Bollinger Bands
ADA is nearing the upper Bollinger Band at $0.810, signaling strong demand but the possibility of a short-term consolidation or pullback.
Volume Analysis
The trading volume has surged to $2.1 billion in the last 24 hours, reinforcing the bullish sentiment and market interest.
Conclusion
Cardano (ADA) shows strong bullish momentum supported by technical indicators and increasing market activity. However, the RSI and proximity to the upper Bollinger Band suggest a potential short-term pullback or consolidation. Traders should watch for resistance near $0.810 and volume patterns to confirm sustained upward movement.