ADA Path to New Highs
ADA is currently trading within a symmetrical triangle, a pattern that typically signals market indecision. The price is tightening as it moves between an upward-sloping support line and a downward-sloping resistance line. Currently, the price is testing a descending resistance line.
After making its new all-time high at $1.3264 the price is also trading within a range support zone Green at $0.8140 – $0.8416 and the resistance zone Blue at $1.1074 – $1.1567. A breakout above the resistance zone Blue and the symmetrical triangle with volume and daily candle close above could move the price towards the new all-time high, if the momentum continues Cardano (ADA) would make new highs.