September is proving to be the most important month for the entire crypto sector despite the downturn. Two of the most powerful crypto assets are preparing for their most anticipated network upgrade. Following the announcement of the Ethereum merger, the Cardano community was eagerly awaiting the date of the Vasil hard fork.
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, previously hinted at the hard fork taking place in September, it will now be confirmed 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 clear that the asset was self-assured on the north side and for this reason, it maintained its trend within an ascending triangle. Price attempted to break through the triangle but was unsuccessful. However, it appears that ADA bulls have pushed the price above the triangle, indicating a further bullish trend.
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.