The post Cardano Continues to Remain Extremely Weak! ADA Price To Hit This Level By October End appeared first on Coinpedia Fintech News

Ever since the FED released the fresh CPI rates, the crypto market continues to remain heavily consolidated. Bitcoin price slumped close to $19,000, while Ethereum price was below $1300. At the same time, the popular crypto Cardano which was assumed to mark lows below $0.3, now displays a minor bullish divergence. However, the confirmation of a rebound may still remain misty until the ADA price is raised beyond $0.4. 

The Cardano price continues to display significant volatility as it continues to trade at around $0.3469 with a slight increase of +1.80% in the past 24 hrs. Meanwhile, the bears continue to mount significant pressure on the asset. However, the relative position has tangled down heavily and sits around the lowest position since January 2019. On the contrary, the ADA price continues to manifest the possibility to go long as the MVRV-Z smashed one of the crucial levels.