Cardano’s price has held above $1.50 over the past week, suggesting bears might yet weaken their grip to leave investors eyeing a fresh upside.
The price of Cardano is $1.53 as of writing, down by about 1.44%. The 24-hour trading volume stands at $2,070,921,575, up 7.68% as shown on CoinMarketCap.
Cardano’s price over the past 48 hours has held above a horizontal support line near $1.50. The steady action tracking an ascending trendline follows the crypto market crash in May, which also saw ADA’s price dramatically fall from $2.46 to $0.95.
However, as one of the most popular cryptocurrencies, Cardano has seen some encouraging buying action over the last two weeks. The resilience shown by the bulls has pushed ADA prices above key barriers at $1.16, $1.35, and $1.45, which has held since 13 June.
Where to buy Cardano?
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Register with CedarFX instantlyWhy Cardano price looks positive
Top trader and crypto analyst Michael Van de Poppe has predicted that top altcoins might jump 10X, saying in a tweet that “When everything is down 50%, it’s time to invest.”
Top #Altcoins to go 10X.
