Markets· ★★· neutral·

Cardano's ADA Rises 1.72% to $0.207 but Volume Runs 59% Below Average

  • —ADA added 1.72% on the day, trading between $0.2013 and $0.2078
  • —Volume of $192.9 million was 59.11% below the 30-day average of $471.8 million
  • —Price sits below the 7-, 30- and 200-day SMAs; RSI at 38, MACD bearish
  • —ADA is down 7.19% over seven days and 16.99% over 30 days
Why it matters: A rally on thin volume is a weak reversal signal; ADA needs to hold its daily low and reclaim key averages with rising participation to confirm a trend change.
#ADA
Source: DiarioBitcoin
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