ADA, the native token of Cardano has created new ATH closing yesterday at $1.37 only 7% below its all-time high of $1.48
![Cardano price analysis chart](https://www.cryptotimes.io/wp-content/uploads/2024/05/ada-1-800x352-1.jpg)
FALLING WEDIEGE:
![falling wediege pattern on cardano](https://www.cryptotimes.io/wp-content/uploads/2024/02/ada1.jpg)
After falling from its all-time high ADA has created a falling wedge, it has made an upside breakout from the wedge and hence shows a supper bullish trend for the future.
It has also breached its resistance from 4hr 200-MA line and started a super bullish move.
News on ADA:
ADA has been listed on ConibasePro recently; you can gather information about it from the following link:
Conclusion:
- ADA is in bull run and high possibility of creating a new all-time high.
- Resistance of 4 hour 200-MA breached indicating a strong uptrend.