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Will Cardano push past this phase to see greener pastures
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Cardano was in a state of euphoria for most parts this year. In fact, the hype around smart contracts was such that it led to the altcoin rising by 185% in 2 months, which marked the new all-time high. However, this month particularly has been disappointing and it is now turning harmful for investors.
The narrow consolidation of the price that began on 20 September, does not seem to be coming to an end. For more than a month now, ADA has had $2.280 and $2.070 acting as very powerful resistance and support levels respectively.
The worry isn’t the consolidation alone, it’s the slowly declining price. While at the beginning of this month Cardano had tested the resistance frequently, in the latter half of October the support level has been
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