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Cardano Price Is Nearing $ 3 But ADA Chart Fractal Hints At Possible 40% Correction By CoinTelegraph

Cardano price is approaching $ 3, but ADA chart fractal hints at possible 40% correction

Cardano’s native blockchain asset ADA hit a new all-time high on Monday, as investors pinned their hopes on an upcoming smart contracts feature that it hopes to boost cryptocurrency adoption.

The pair peaked at $ 2,899 around 9:00 UTC, leading to anticipation that it would easily close above $ 3 in the coming days.

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Many analysts, including chartist pseudonym PostyXBT, noted that the Cardano token had entered “price discovery mode.” Meanwhile, David Gokhshtein hinted that the ADA / USD pair could continue its bull run until September 12, the day that Cardano is going to integrate the smart contracts feature to its blockchain through the “Alonzo” update.

Read the full article on Cointelegraph

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