The cryptocurrency market has reached the $53,000 trillion market capitalization milestone as Bitcoin price surges above $2 and approaches $52,000

Cardano (ADA) Price Analysis

The weekly ADA price chart shows that the coin is at the neckline of a parabolic recovery after the 2021 bear market. However, the coin is facing huge troubles on its rise above $0.68, which has become a key headwind to achieve this goal. One of the bears has managed to cap the price throughout the week, but the upcoming weekly close could turn things around for the coin. The StochRSI is flashing bullish signals that could lift the price above $0.9 initially, if the bulls manage to hold At these levels, a rise above $1 is likely by the end of the third quarter

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