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Bullish cup-and-handle pattern sets Cardano (ADA) price up for a new ATH

Published 08/19/2021, 08:24 PM
Updated 08/20/2021, 10:20 PM
Bullish cup-and-handle pattern sets Cardano (ADA) price up for a new ATH
ADA/USD
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ADA/USD
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Smart contracts have been a revolutionary force in the blockchain industry because they have enabled the creation of decentralized finance protocols, nonfungible tokens and a new form of carrying out transactions without the need for an intermediary.

Cardano is one of the many projects that has been gaining momentum throughout 2021 and now that the project’s long-awaited smart contract capabilities are on the verge of becoming reality, the token is on the precipice of setting a new all-time high.

ADA/USDT 1-day chart. Source: TradingView
ADA/USD 1-day chart. Source: Twitter
ADA/USD 1-day chart. Source: Twitter

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