Cardano’s (ADA) price is currently in a position favorable for the bulls and more short-term traders as there is a possibility of a rally in the cards for ADA. It is expected that a minor retracement will follow which could allow interested buyers the chance to accumulate ADA at a much lower price before catalyzing an explosive uptrend.
Currently, Cardano’s price set a range between $0.487 and $0.614, as it rallied by 25% between May 14 and 16. Since then, ADA has not made a move to sweep either of the ranges.
Continue reading on CoinQuora
Source: Cryptocurrency - investing.com