What do the Long-Term Technicals Predict for Cardano (ADA) Wednesday?

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Cardano receives a strong long-term technical score of 69 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

ADA currently holds a superior long-term technical analysis score than 69% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

Long-Term Technical - 69
InvestorsObserver is giving Cardano a 69 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cardano!

Trading Analysis

Cardano’s price is -$0.2600000 (-17.77%) below its 100-day moving average price of $1.460000000 as its price at the moment sits at $1.200000000. Additionally, ADA is $0.5300000 (-1463.85%) higher than its 52-week low price of $0.670000000 while -$1.90000000 (-283.91%) under its 52-week high of $3.100000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives ADA a strong long-term technical score of 69. Long-term trading movement of Cardano suggest that investors are neutral on the coin at the moment.

Cardano has a total market value of $40,345,599,283.84 with an high average daily volume of $9,626,006,475.20 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ADA’s volume is below its average with $1,327,169,091.07 exchanged in total.

Summary

Trading patterns over the last year for Cardano leads to the coin’s a strong long-term technical score of 69 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the coin.

Click Here to get the full Report on Cardano (ADA).

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