Cardano (ADA)

Current price: $ 0.51

24 hours price change: $ -0.003243 (-0.64%)

Daily analysis of Cardano (ADA) - 1 month

The performance of Cardano regarding the price differs every day. To make the best decision to buy Cardano, we are analysis in this article the performance of Cardano on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on March 24th, 2024 to April 24th, 2024.

In the barchart below, the weekdays and average performance of Cardano are shown side by side.

Average daily change in price of Cardano per weekday between 03/24/2024 and 04/24/2024.

According to the performance of Cardano between March 24th, 2024 and April 24th, 2024, Cardano performed the best on Fridays. On average, the price of Cardano increased 0.52% on Friday.

The weekday on which the Cardano performed the worst, is Saturday. On Saturdays, the Cardano declined in value on average by -0.78%.

Cardano weekday performance

On an average Sunday, the Cardano increased 0.48%. However, since the expected deviation is 0.68%, the Cardano will decline in value on a Sunday quiet regularly. The expected price change of the Cardano on a Sunday is between -0.20% and 1.16%.

Cardano increased in value on an average Monday only slightly. The average increase in value of the Cardano was 0.29%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.64%). This means that on 68 percent of the Mondays, the change in price of the Cardano is expected to be in the range of -0.35% and 0.92%.

Cardano increased in value on an average Tuesday only slightly. The average increase in value of the Cardano was 0.25%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.52%). This means that on 68 percent of the Tuesdays, the change in price of the Cardano is expected to be in the range of -0.27% and 0.76%.

Allthough the Cardano decreases in value with -0.53% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Cardano on Wednesdays is 1.04%. This means that the expected change of the value of Cardano is between -1.57% and 0.51% on 68 out of 100 Wednesdays.

Cardano increased in value on an average Thursday only slightly. The average increase in value of the Cardano was 0.14%. Allthough the Cardano closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.22%). This means that on 68 percent of the Thursdays, the change in price of the Cardano is expected to be in the range of -0.08% and 0.36%.

On an average Friday, the Cardano increased 0.52%. However, since the expected deviation is 0.90%, the Cardano will decline in value on a Friday quiet regularly. The expected price change of the Cardano on a Friday is between -0.38% and 1.42%.

On Saturdays, the Cardano decreases in value on average with -0.78%. On most of the Saturdays the Cardano decreases in value between -2.12% and 0.55%. The uncertainty (1.34%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the Cardano on Saturdays is large.

Cardano weekday performance details

Find below the details of the performance of Cardano per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.48% 0.68% -0.20% to 1.16%
Monday 0.29% 0.64% -0.35% to 0.92%
Tuesday 0.25% 0.52% -0.27% to 0.76%
Wednesday -0.53% 1.04% -1.57% to 0.51%
Thursday 0.14% 0.22% -0.08% to 0.36%
Friday 0.52% 0.90% -0.38% to 1.42%
Saturday -0.78% 1.34% -2.12% to 0.55%
 

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