- Cardano opened the weekly and daily trading chart at $1.3544
- Cardano (ADA) relative strength index has fallen into the undersold region
- At the time of writing, Cardano price analysis is bullish, downsloping and the ADA/BUSD pair is $1.3360.
Cardano Price Analysis: General price overview
Cardano opened the weekly and daily trading chart at $1.3544 against the US dollar. A bearish pullback made the coin correct back to the $1.33 intraday low before resuming into a bullish uptrend through a falling wedge pattern. Approaching the early morning at 05:00 GMT, the price sank to form a cup with handle pattern after it had set a high upside across $1.3650. Cardano has just completed the handle of the cup with handle pattern on the 4-hour chart and formed an intraday high at $1.3861.
The daily range is uptight, with the market choppiness index extended towards narrow volatility in the upcoming hours. Notwithstanding, it’s a good start to Cardano’sthe week after a weekend downturn that began on Friday after Cardano formed a weekly low at $1.2833. Analysts hope the coin will record improvements in the coming days after several weeks onf consecutively losing nearly 2 percent per week.