Cardano (ADA) made a run at its all-time price high on March 18, following renewed retail interest in the asset. It ultimately hit a price of $1.47 on Thursday, based on TradingView data from the Kraken exchange — just short of its $1.48 all-time price high, set on Feb. 27.
Cardano’s 1-hour chart shows the asset has made higher lows since its correction, riding an upward trendline. Price currently looks to have flipped the 50-period moving average, or MA, to support, at least as of the time of publication; its price currently sits near $1.32. On its recent downward move, ADA did not fall far enough to hit its 200-period MA.
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