How Will the ADA Rate Act This Week?
The Cardano cryptocurrency (ADA) reached a significant milestone on its way to enter the top ten cryptocurrencies by market value.
On September 7, the coin experienced a wave with a large decline, followed by a rapid rebound to the current high range. At the time of writing, Cardano is trading at $2.70 with $2.60, $2.47 and $2.30 providing support.
According to analyst Justin Bennett, the loss of $2.30 protection will bring the ADA down to $2. And the ADA could rise if the bulls bring it back to higher levels. However, Cardano continues to dip below the recent trend line.
He also noted that the change in the price of Bitcoin could be the determining factor for other altcoins in the critical days for the entire crypto market.