InvestorsObserver gives Cardano a strong long-term technical score of 70 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
ADA at this time has a superior long-term technical analysis score than 70% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Trading Analysis
The current trading price of $1.430000000 for ADA is -$0.4600000 (-24.22%) below the coins 100-day moving average of $1.890000000.ADA meanwhile is $1.2800000 (-6388.36%) above its 52-week low of $0.150000000 and -$1.67000000 (-276.57%) 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 70. The price movement and range of ADA suggest that investors are neutral on the coin at this time.
Cardano has a market capitalization of $47,820,797,674.81 and a relatively high average daily volume with $9,146,310,259.81 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, ADA’s volume is below its seven day average with 1,079,572,040.66 exchanged.
Summary
Trading patterns over the last year for Cardano leads to the coin’s a strong long-term technical score of 70 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.
Read More:Cardano (ADA): How Does it Rank Sunday on Long-Term Trading Metrics?
