Cardano (ADA), the fourth largest cryptocurrency experienced a minor pullback from its 3-month high of $2.25. ADA was trading at $2.08 down by 4% over the past 24-hours. The altcoin closed 6 daily green candles on the back of 65% weekly gains before the minor price slump.
ADA price rise is being attributed to the slew of developments on the Cardano blockchain with Alonzo hard fork. The long-awaited smart contract integration date has been finalized for September 12 and many attribute the gains to the upcoming upgrade.
Source: TradingView
ADA is just 15% short of its May ATH of $2.46 and market analysts believe Cardano could get past $2.50 by the end of this week to register a new ATH. The altcoin is currently moving in an equilateral pattern on the one-hour chart and breakout upwards from the pattern can very well propel it to new ATHs above $2.50.
2.50 #ADA if this breaks to the up side pic.twitter.com/nGmzNwEO4m
— ADA Dolphin (@calgarycrypto1) August 16, 2021
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Źródło: https://coingape.com/cardano-ada-eyes-2-50-as-crypto-exchanges-begin-smart-contract-integration/
