The price of Cardano (ADA) appears to be afloat within a rangebound stage between $1.95 to $2.15. Last week, the ADA reached an optimistic price of $2.368 last week and then faced rejection to yet again strengthen its zone at $2.05. Traders seem to be panicking over the asset’s move, as altcoins such as AVAX, LUNA, and SOL buckle up to dethrone ADA.