ADA in Danger of Sliding Back to $2, With Cardano Declining?
- At the moment, (ADA) trades at $2.36 with 0.1% loss on the daily chart.
- Cardano could resume its upward trail if the bull retakes a higher level.
- Price action for may determine whether bulls or bears are in control.
Cardano (ADA) has had a good run in the crypto market this year. As a result, the ADA has reached a major landmark on its path to becoming one of the top ten cryptocurrencies in terms of market capitalization.
Currently ranked third after topping DOGE, , and BNB, Cardano (ADA) trades at $2.36 with a 0.1% loss on the daily chart. The third-largest crypto by market cap is down 5.8% every week.
Going back, the crypto experienced a wave, with a major drop on September 7th, followed by a rather quick recovery into the high range of its current values. Cardano (ADA) was trading at $2.70 at the time, with support at $2.60, $2.47, and $2.30. Cardano’s slump continues …
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