- 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 ADA price is trading at $2.11 with a 24-hour trading volume of $4,750,535,352, at the press time.
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.