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ADA in Danger of Sliding Back to $2, With Cardano Declining?

Published 09/19/2021, 04:17 AM
Updated 09/19/2021, 04:30 AM
ADA in Danger of Sliding Back to $2, With Cardano Declining?

  • At the moment, Cardano (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 Bitcoin 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, XRP, 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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