$ADA
🚨CARDANO CHASES $1 MILESTONE🚨
Over the past week, Cardano briefly hit $1 before crashing to $0.9163. This decline was heavily influenced by an increase in selling pressure, with many investors cashing out their Cardano tokens to buy other assets like Rollblock.
According to crypto analyst Ali Charts, Cardano could break out of a triangle formation this week to reach $1.10. Having already rallied by 11% in the last week, this would require significant momentum and bullish Cardano news.
As of August 18 Cardano was trading at $0.9163 following a 4% daily decline. Cardano’s daily trading volume has remained stable at $2.27 billion, suggesting that investors are waiting for more price activity before they take action.
