Cardano Price Analysis: ADA Lags Recovery To $2.5 Despite Peers Hitting New Monthly Milestones

• Cardano price teeters within a wide range, marked by the 50-day SMA on the upside and the 100-day SMA on the downside.
• The IOMAP model reveals that ADA sits on robust support while the absence of a massive resistance favors the bulls.

Cardano is seen trading at $2.2 on Monday toward the end of the Asian session. The smart contracts token is becoming competitive, biting into Ethereum’s piece of cake alongside Solana. However, its price action continues to be sluggish compared to Ethereum and Bitcoin.