While Bitcoin continues its sideways movement, it is seen that the volumes have decreased due to the weekend.
Struggling to exceed $20,000, BTC has not been able to make an upward move yet, although it has approached this limit during the day. Although BTC continues its indecisive movements, some altcoins are positively differentiated.
Cardano (ADA) managed to become the 7th largest cryptocurrency by volume according to Coinmarketcap data, displacing XRP with a 5% rise during the day.
Update News Reflected Positive
A few days ago, the clear date for the Vasil hard fork, which will be on the ADA side, was determined and it was announced that the update would be made on September 22.
Touted as the “biggest update in Cardano history”, the Vasil hard fork has allowed the price to rise by around 15 percent since September 1.
Looking at the ADA chart, an important resistance at $0.49 is left behind. Especially if it is maintained above this level, it is thought that there may be an acceleration up to 0.53 dollars.
It should also be noted that if this support is lost, there may be a decrease to $ 0.45.
Especially if there is no sharp decline on the BTC side, it is likely that the ADA price will continue its upward movement until the update date.
*Not investment advice.
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