Volatility was back in the crypto-verse. This time, however, no major price fluctuations were noted. Cardano [ADA] stole the show with its daily price change. Almost all the other assets were painted in red, but they noticed dainty drops in their price.
Chainlink [LINK] prolonged its hot streak as it recorded a 2.63% surge over the last 24-hours. Bitcoin [BTC] on the other hand was seen witnessing a 1.45% daily dip. The king coin, during press time, was trading for $38K. Despite a drop in its price, the coin managed to retain its market cap at $711 billion.
Cardano [ADA] and Chainlink [LINK] were the only two popular assets that were bagging gains of over 1%. At the time of writing, ADA was trading for $1.34 with a 2.89% surge over the last 24-hours. Over the last couple of days, ADA barely witnessed major changes in price as its 7-day price change was at 3.16%.
Additionally, the market cap of ADA was at $42.78 billion. Cardano witnessed a significant surge in terms of market cap and ranking this year. The asset took a plunge all the way to the top.
Cardano [ADA] one-hour price chart on Binance
The short-term price chart of ADA on Binance noted nothing but bears. The bears were seen camping out in the ADA market and suggested that they were here to stay for a while. The Parabolic SAR indicator shifted its dotted lines on to the resistance side. Earlier today, dots were formed over the candlesticks further restricting any sudden upward momentum.
The MACD indicator went on to form a bearish crossover. The MACD line slowly fell below the signal line as the bears took over. This further affirmed the presence of the bear in Cardano market.
The Relative Strength Index [RSI] indicator was residing right on the 50 median. However, the marker was inclined towards the sellers’ market.