Cardano is consolidating above the crucial 50-day exponential moving average (EMA). Price lowered around 1 per cent to sit at $1.45 at the time of writing, well above the support zone of $1.32 and the EMA at $1.37. The resistance point remains set at $1.47 as the price continues to test it. The current trend depicts mixed signals as dropping trading volume suggests a declining market value. At the same time, price action indicates enough momentum to acquire different rates over the past week.