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

by Mike Robinson

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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 may resume its uptrend if bulls take control at a higher level.
  • Price action for may determine whether bulls or bears are in control.

Cardano (ADA), has enjoyed a strong year in the cryptocurrency market. The ADA is now one step closer to being among the top ten cryptocurrencies by market capitalization.

Currently ranked at #3 after BNB and DOGE, Cardano trades at $2.36, with a 0.1% drop on the daily charts. Weekly drops of 5.8% are the third largest crypto market capital.

Looking back, crypto suffered a drop that was severe on September 7, but then a quick rebound into its high-end range. Cardano (ADA), traded at $2.70. Support was at $2.60. $2.47 and $2.30. Cardano’s slump continues …

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