Cardano (ADA) gets a bearish rating from InvestorsObserver Saturday. The crypto is up 0.61% to $1.22 while the broader crypto market is up 0.55%.
Cardano has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Cardano!
Over the last five days, Cardano has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Cardano over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Cardano is currently trading near its five-day low of $1.19323694705963. The crypto is 12.15% off its five-day high and is 2.24% higher than its five-day low of $1.19.
Cardano price is comfortably positioned between support and resistance. With support set around $1.18 and resistance at $1.27, has some room to run before facing resistance.
Cardano has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a coin?
A coin is a cryptocurrency that exists on its own blockchain. These are typically used for payments. Depending on the cryptocurrency, what those payments are use for may vary from general use in the Digital Money sub-class to a more specific use in some other sub-classes.
Due to a lack of data, this crypto may be less suitable for some investors.
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Read More:What’s Next for Bearish Rated Cardano (ADA)?