The crypto industry was seen trying to recover from its latest setback. Cardano [ADA] as well as Polkadot [DOT] seemed to be least affected by the latest crash. Almost all the assets in the crypto industry were seen bleeding. Bitcoin, during the time of writing, was seen swinging through the $49K to $50K zone. Polkadot, unlike all the other assets, hadn’t recorded major losses. XRP had, however, slumped down to the seventh position and retained its price above $0.45 despite the recent crash. Additionally, the overall crypto market cap was noted at $1.51 trillion, during press time.
Cardano, at the time of writing, was seen trading for $0.987, with a 3.25% drop in the last 24-hours. The altcoin had surged to a high of $1.02, just yesterday while all the other assets were seen slumping. These numbers affirmed that ADA was trying to make its way to its previous all-time high of $1.33, which it achieved about three years ago.
Cardano [ADA] One-Hour Price Chart
The one-hour price chart of ADA announced that the bulls were hibernating in its market. The Parabolic SAR indicator had formed a line of support below the candlesticks which diminished the chances of a downward breakout. The MACD indicator retained the bullish crossover that it had formed yesterday. The Relative Strength Index indicator was exhibiting a neutral notion in the market with no major buying or selling activity.
Cardano [ADA] One-Day Price Chart
The altcoin’s one-day price chart partially mirrored the short-term price chart of ADA. The Awesome Oscillator indicator, however, was delivering a bearish momentum with the formation of red closing bars. The Chaikin Money Flow index was sky high as it was over zero and has been around the same region for a while now. The Money Flow Index indciator announced that a buyers’ sentiment was still intact in the ADA market.