The crypto market was painted in green, with XRP as an exception. Cardano [ADA] made maximum profits over the last week. Bitcoin [BTC] was surging past $40K with a market cap of $753.84 billion. Ethereum [ETH] was trying hard to push past $1.3K to overpass its previous all-time high. Stellar was, however, seen retracing after surging over 130% in the last seven days. XRP was still tussling within $0.32. Despite soaring by over 44% in the past week, XRP failed to cross $0.35.
Cardano [ADA] continued residing as the sixth-largest cryptocurrency with a market cap of $9.63 billion. At the time of writing, the coin was priced at $0.311 with dainty gains. The altcoin had surged beyond 80% in the last seven days.
Cardano [ADA] One-Day Price Chart
In the one-day price chart of Cardano [ADA], the bulls were seen reigning. Even though the coin surged by over 80% this week, the asset failed to go beyond $0.5. The Parabolic SAR indicator affirmed the presence of bulls. The indicator put down lines below the candlesticks which resisted the chances of a downward breakout. The indicator maintained this trend since the end of December 2020.
The MACD indicator also revealed that the bulls were going to hibernate in the ADA market for longer. The MACD line had taken over the signal line way back in December and has continued to do so. The huge disparity between the two affirmed that a bearish crossover wasn’t in the cards anytime soon.
Cardano [ADA] Has Bulls Grazing In Its Market
The Awesome Oscillator indicator affirmed that the bulls were here to stay as it formed big bold green closing lines. The Relative Strength Index [RSI] indicator was exhibiting a buyers’ sentiment as the RSI marker was way over 50 median in the overbought zone.
While Cardano has been trying hard to $1, the continuous presence of the bulls in its market could take the altcoin way beyond that.