- Cardano showed signs of strength while entering the final quarter of 2023.
- Avalanche rallied over 11% yesterday before retracing to close below its opening price.
- DOT rallied on the first day of October to establish the upper limit of the sideways range.
Cardano recently climbed into the top 10 category of cryptocurrencies registered on CoinmarketCap, the popular crypto aggregation platform. As of the time of writing, the famous Proof-of-Stake blockchain ranked 8th among the 8,981 active cryptocurrencies listed on CoinmarketCap.
Cardano’s native cryptocurrency, ADA, showed signs of strength while entering the final quarter of 2023. ADA climbed above significant support at $0.2543 and has since converted that price level into support. Despite making a retracement, the price has remained above that level, with users expecting the blockchain token to push further upwards.
If the uptrend continues, ADA will likely test another resistance at $0.2796, a break above which would open the way for a more pronounced rally, as there are hardly any roadblocks ahead.
Avalanche (AVAX) rallied over 11% yesterday before retracing to close below its opening price. Ye…
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