$ADA

Cardano is currently trading at $0.6330, representing a growth of 0.21% over the last 24 hours. This is a slight correction compared to the previous peak reached in earlier trading sessions. This price trend is around the lower Bollinger Band, which is a bullish signal for ADA. Notably, after reaching this lower band, the only direction for the price is upward. Cardano may begin to rise if bulls regain full control over the price trend.

A reversal could lead to a bounce for ADA to $0.67–$0.70 if market participants rekindle their appetite for Cardano. At the time of publication, the volume has decreased by a substantial 46.33% to $589.3 million. For the asset to experience any bounce, investors need to actively buy the coin to support price growth.