2021-12-11 12:49:12

How Does it Rank Saturday on Long-Term Trading Metrics?

InvestorsObserver gives Cardano an average long-term technical score of 43 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

ADA at this time has a superior long-term technical analysis score than 43% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Cardano a 43 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Cardano!

Trading Analysis

ADA is currently -$0.8000000 (-38.39%) below its 100-day moving average price of $2.090000000 with its current price of $1.280000000. Meanwhile, Cardano is $1.1600000 (-7624.60%) above its 52-week low price of $0.130000000 and -$1.81000000 (-281.21%) below its 52-week high of $3.100000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 43. Trends for the long-term trading history of Cardano suggest that traders are currently bearish on the coin.

Cardano has a total market value of $42,948,682,940.91 with an high average daily volume of $8,579,225,781.32 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 $1,883,713,139.97 exchanged in total.

Summary

ADA’s historical trading over the past year gives it a an average long-term technical score of 43 as its price movement in that time has given investors reason to be bearish on the coin in the long-term.

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

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