September, despite being bearish is coming out to be the most important month for the entire crypto space. Two of the most powerful crypto asset are preparing for their most awaited network upgrade. After the announcement of the Ethereum Merger, the Cardano community was eagerly waiting for the Vasil Hard Fork’s date.
In the latest update, IOHK released the date of Vasil Hard Fork, and ADA price has been consolidating since then.
As the founder, Charles Hoskinson has earlier hinted on the Hard fork to be in September, now it’s confirmed to be on September 22, a week after the Ethereum Merger.
Will ADA price go above $1 now?
ADA price is showing huge bullish signs since the hard fork date started. Cardano is set to surpass $0.5 this weekend after falling above the 50-day EMA.
From the above chart, it is quite evident that the asset was self-assured of ranging towards the north and for that reason, it maintained its trend within an ascending triangle. The price attempted to breach through the triangle but failed. However, the ADA bulls appear to have uplifted the price above the triangle, manifesting a bullish trend ahead.
ADA price, a year ago in September 2021, also showed an independent rally to reach ATH above $3, while the entire crypto space traded sideways. Currently, the asset is preparing for a similar rally and eventually the price above $1 before the Cardano Vasil hard fork.
