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Cosmos, DASH, Cardano Price Analysis: 20 July – AMBCrypto

Cardano, Cosmos, and Dash registered contrasting price movements over the past 24-hours, with many of the market’s altcoins continuing to note high trading volumes on their charts. In fact, owing to such a performance, a strong case for an ‘altcoin season’ was being made in the industry. However, there was not much to choose from between the aforementioned crypto-assets, at press time.

Cardano [ADA]

Source: ADA/USD on TradingView

Leading the altcoin rally from the front, Cardano’s ascent up to 6th on the chart has been impressive. However, contrary to its price performance over the past few months, the crypto-asset registered a decline of 0.23 percent over the past 24-hours. A potential breakout from the ascending triangle may reverse the trend in the near future, with the market cap steady at around $3.18 billion.

Market Indicators were rather neutral, at the time of writing. While the Relative Strength Index or RSI suggested neutrality between the buyers and sellers, the Bollinger Bands were observed to be converging on the charts, indicative of reduced volatility.

Recent reports have suggested that Cardano may launch an ERC20 converter that will allow the migration of ERC20 tokens from
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