The grass was greener on the lawn of the crypto market. Cardano [ADA], Bitcoin [BTC], Dogecoin [DOGE], and almost every other asset in the market was seen riding the bullish wave, However, Cardano [ADA] hit an all-time high and stole the show.
ADA managed to break strong barriers set up by the bulls and hit an all-time high of $3.10. At the time of writing, ADA was trading for $3.04 with a 9.42% surge over the last 24-hours. Even though the asset witnessed a bit of a dip, it managed to retain itself over $3. The altcoin even amassed profits of 17% over the previous seven days.
Cardano was undoubtedly thriving. The market cap of ADA was so close to hitting $100 billion. During press time, ADA’s market cap was at $98 billion while it was ranked third.
Additionally, Bitcoin [BTC] was seen trying to make it past $50K. The king coin was trying to move over from the $900 billion zone onto $1 trillion.
Cardano [ADA] one-hour price chart on Binance
The short-term price chart of ADA released bullish emotions. The Chaikin Money Flow [CMF] indicator remained intact in the bull region. The Awesome Oscillator indicator laid out strong bold green closing bars further announcing the presence of the bull in the market.
This bullish notion could help the altcoin retain itself at $3 or even push the asset further above the zone.
The Money Flow Index [MFI] still resided in the sellers’ market as the marker was at 60 median.
Cardano [ADA] one-day price chart on Binance
The one-day price chart of the asset had a similar sentiment. The Parabolic SAR indicator prolonged its set of dotted lines below the candlesticks and noted a bullish momentum. The MACD indicator was in a bearish crossover, however, the MACD line was seen trying to overtake the signal line.
The Relative Strength Index [RSI] indicator was making its way onto the overbought zone.