#ada analysis

Cardano (ADA) Generates Weekly Bullish Divergence for the Second Time in History

Cardano (ADA) broke out from a 307-day descending resistance line after both the weekly and daily RSI generated bullish divergence. ADA has been decreasing since reaching an all-time high of $3.10 in Aug. The downward movement so far led to a low of $0.40 in May 2021. The price has increased slightly since, but is still trading at $0.47. Measuring from the all-time high, the price has so far…