Cardano ADA Tumbled Almost 7% - Slight Correction After Bullish Momentum
Cardano's (CRYPTO: ADA) price has decreased 6.84% over the past 24 hours to $1.74. This is contrary to the coins performance over the past week where it has experienced an up-trend of 33.0%, moving from $1.56 to its current price.
The chart below compares the price movement and volatility for Cardano over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
Cardano's trading volume has climbed 13.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.29%. This brings the circulating supply to 32.07 billion, which makes up an estimated 71.26% of its max supply of 45.00 billion. According to our data, the current market cap ranking for ADA is #5 at 55.94 billion.
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