Cardano Price Prediction: ADA confirms start of 80% upswing

By Akash Girimath
April 6, 2021

The Cardano price has been on a tear this bull run. However, it slid into consolidation after setting up an all-time high at $1.54 on February 27. Since then, ADA has formed higher lows while being restricted by a horizontal resistance at $1.49.

By connecting these swing lows and series of highs using trend lines, an ascending triangle forms. This technical formation is a continuation pattern and projects a 45% upswing, determined by measuring the pivot high and low distance.

Cardano Price Prediction: ADA confirms start of 80% upswing