$ADA Price Correction from ATH of $3

The layer-1 cryptocurrency Cardano has witnessed a significant correction trend since hitting its all-time high (ATH) of $3.10 in September 2021. Over the past year, the altcoin lost nearly 88% in value to settle at $0.364, while the market cap plunged by $12.78 billion.

However, the Cardano price has shifted the prevailing downtrend to a sideway, projecting the asset’s sustainability above the $0.2 line. If the buyers plan to utilize the bottom support for reversal, the 4th quarter of the year could be a suitable time.

Historical trends show that the crypto market often witnesses a highlighted investor activity at the end of the year. Generally, the bullish trajectory gains momentum in what market participants called the ‘Uptober,’ allowing most major cryptocurrencies to drive renewed recovery

#MemeCoinTrending #GrayscaleConsiders35Cryptos #USStockEarningsSeason #BTCUptober #BNSOL