Cardano(ada)market reviews and price predictions
Cardano market statement for 2023-05-26
Yesterday the price of ada stood at $0.37. The market capitalization of the asset was $12 565 006 578. Cardano’s volatility was established at 2.46%. The trading volume of the coin reached $174 444 984.
Cardano prognosis for the next days:
We estimate the price of Cardano to be $0.36 tomorrow 2023-06-02 and $0.37 on 2023-06-08;
We estimate the market capitalization of Cardano to reach $12 875 099 513 tomorrow 2023-06-02 and $12 811 976 483 on 2023-06-04;
We estimate the volatility of Cardano to become 1.17% tomorrow 2023-06-02 and 1.54% on 2023-06-04;
We estimate the trading volume of Cardano to amount to $137 846 746 tomorrow 2023-06-02 and $156 581 498 on 2023-06-04.
Our recommendation for the pair ADA/USD for tomorrow, 2023-06-02, to hold.
Cardano market stayed flat from May 20 - May 26.
Cardano portrayed neutral behavior last week, with no changes in the price. ADA was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
Slightly bearish : traders witnessed Cardano moving down 3% from May 19 till May 25.
The analysis of last week’s price action shows that the Cardano market is in the phase since the price has been moving downward. The situation on the ADA market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
May 18 - May 24 market wrap: Cardano had a slight 1% drop.
Cardano has been bearish last week as its price has been predominantly falling. ADA has been going through a period of low volatility, which fell in line with the occurred price changes. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Buyers weakened their grip on the Cardano market (May 13 - May 19) as the price rose only by 1%.
Between May 13 - May 19, Cardano has been mostly as its price has been in the rising mode. The volatility associated with the ADA market was low, as were its price fluctuations. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Cardano market stayed flat from May 10 - May 16.
Cardano portrayed neutral behavior last week, with no changes in the price. The situation on the ADA market shows that the underlying asset is currently experiencing a period of low volatility. There has been a rise in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
Cardano market stayed flat from May 10 - May 16.
Cardano portrayed neutral behavior last week, with no changes in the price. The price swings of ADA pointed to the presence of low volatility. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Down by 4% : The Cardano market saw some bearish action last week (May 7 - May 13).
Between May 7 - May 13, Cardano has been mostly bearish as its price has been in the falling mode. The situation on the ADA market shows that the underlying asset is currently experiencing a period of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Slightly bearish : traders witnessed Cardano moving down 1% from May 1 till May 7.
Between May 1 - May 7, Cardano has been mostly bearish as its price has been in the falling mode. The volatility associated with the ADA market was low, as were its price fluctuations. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.
May 1 - May 7 market wrap: Cardano had a slight 1% drop.
The downward movement of the Cardano price last week indicates the chosen market is bearish. The price swings of ADA pointed to the presence of low volatility. The market capitalization of the asset has been decreasing in concert with the price of the coin. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Down by 1% : The Cardano market saw some bearish action last week (May 1 - May 7).
Between May 1 - May 7, Cardano has been mostly bearish as its price has been in the falling mode. The volatility associated with the ADA market was low, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.