The volatility wave has undoubtedly hit the crypto-verse. Assets like Cardano [ADA], XRP, and Dogecoin [DOGE] were the only ones surfing with the bears, while coins like Ethereum [ETH], Polkadot [DOT], as well as Binance Coin [BNB] were accompanied by the bulls.
Cardano [ADA] noted a massive surge this year. Even though the magnitude of the jump was relatively low compared to the other coins, the asset managed to surge to a notable high. Back in May, ADA jumped to an all-time high of $2.46. The bears, however, did not let the altcoin remain in this zone for too long.
At the time of writing, ADA was trading for $1.43, with a drop of 1.69% over the last 24-hours. The previous seven days were considered good for the asset as it surged up to 7.55%.
Additionally, the asset managed to retain itself at the top five. The market cap of ADA was at $45.57 billion, which helped the asset rank as the fifth-largest cryptocurrency.
Cardano [ADA] one-hour price chart on Binance
The short-term price chart of ADA exhibited a notion different from the one in the market. While ADA has been witnessing dainty plunges over the last 24-hours, the altcoin’s one-hour price chart affirmed the presence of bulls.
The Parabolic SAR indicator laid out dots below the candlesticks, further protecting the asset from enduring any potential drops. The MACD line took over the signal line and formed a bullish crossover. All these indicators were inclining towards the bull. The persistence of this sentiment could pose beneficial for the altcoin.
Additionally, the Relative Strength Index indicator resided in the buyers’ arena.
Cardano [ADA] one-day price chart on Binance
The one-day price chart of the altcoin was in between the bull and the bear. The Chaikin Money Flow indicator was sitting on the fence as the marker was right on the zero median. The Awesome Oscillator indicator formed dainty green closing bars indicating the presence of the bull. The Money Flow indicator inclined towards the buyers’ side.