Cardano (ADA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has gained 1.35% to $0.6301928469.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
ADA’s moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Cardano price is well positioned going forward. With support set at $0.601196124363599 and resistance near $0.642116679955182. This leaves Cardano with room to run before facing selling pressures.
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