Cardano (ADA) was relatively less volatile compared to the crypto market. So far, the cryptocurrency has fallen 1.9% to $ 1.33 on Saturday.
InvestorsObserver gives Cardano a 13 volatility rank. Find out what that means for you and get the rest of the rankings on Cardano!
Low volatility
InvestorsObserver gives Cardano a low volatility rank of 13, making it one of the bottom 13% of cryptos on the market.
The volatility gauge tracks which means the rank reflects its recent trends and is not unduly affected by a sudden surge – or two – in volatility. The low volatility of ADA is coupled with a low value on the risk / reward indicator, which means that the coin has relatively narrow price fluctuations and is well protected from price manipulation.
The Cardano Prize is well positioned for the future. With support at $ 1.27 and resistance at $ 1.36. This leaves Cardano leeway before it is exposed to selling pressure.
What is a coin
A coin is a cryptocurrency that exists on its own blockchain. these are usually used for payments. Depending on the cryptocurrency, the intended use of these payments can vary from general use in the “digital money” subclass to more specific uses in a few other subclasses.
