Cardano (ADA) Will Pick Up Pace Soon Reaching Over $3

Cardano (ADA) Will Pick Up Pace Soon Reaching Over $3
  • Cardano (ADA) is considered as one of the top 5 cryptocurrency in the market. 
  • The price of ADA is expected to hit back its new ATH soon.

Cardano (ADA) is considered as one of the top 5 cryptocurrency in the market. Currently, ADA holds 4th position on CoinMarketCap. ADA is on a weekly bounce right now from the $1.9 mark to ATH of $3.16. 

Moreover, ADA sellers pushed the price down to $1.89. On August 16, this level stands as the start of the last two weeks’ rally. As per CoinMarketCap, the Cardano (ADA) price is trading at $2.11 with a 24-hour trading volume of $4,750,535,352, at the press time.

ADA/USDT Price Chart (Source: TradingView)

An ascending channel is created by joining the swing lows with a lower trend line and the swing highs with an upper channel line. A breakout above an ascending channel may represent that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

The price of ADA is expected to hit back its new ATH $3.10 soon. Even more, the price of ADA can reach great heights soon.

Sidney Vollmer of the Cardano Foundation asked the community members of Cardano to keep an eye on some mind-blowing partnerships at the Cardano Summit. This will occur in the upcoming weekend on September 25-26. 

Furthermore, the announcement could be a sign of the upcoming things to come. More so, upcoming discoveries can make the ADA price higher.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.