Price Analysis on Cardano (ADA)

Price analysis on Cardano

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

FALLING WEDIEGE:

falling wediege pattern on cardano

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.
Related Posts
Total
0
Share