Cardano's ADA rises 4.13% to $0.227 but volume stays half of average
- —Price closed above intraday VWAP and the 7- and 10-day SMAs, but below the 15- and 30-day averages
- —Volume of $285.6 million versus a 30-day average of $573.8 million
- —RSI at 46.6 and a bearish MACD keep technical signals mixed
- —ADA trades 92.66% below its September 2021 all-time high of $3.09
Why it matters: A rally on thin volume and without derivatives data offers weak confirmation of a trend reversal, so holders may want to wait for a resistance break.
Source: DiarioBitcoin