- Cardano (ADA) recently hit a new ATH price of $3.03 right now.
- ADA has integrated over 100 projects.
- ADA price could soon hit $10.
Moreover, Cardano has shown great performance in the past three months. Moreover, Cardians has made a recent tweet mentioning ADA’s 100 project integration ranging from DeFi to NFT.
The tweet also added that ADA’s next target is $10. Now let’s look into the technical part of ADA, will ADA hit $10 soon?
The ADA price chart shows the Ascending Channel pattern. Moreover, the price action travels between two parallel upward sloping lines. Higher highs and Higher lows distinguish this price pattern. An ascending channel is formed by connecting the swing lows with a lower trend line and the swing highs with an upper channel line.
A breakout above an ascending channel may indicate that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.
Currently, ADA is trading at $3. After this, ADA may continue to fall or rise according to the direction of breakout. With this pattern, ADA might reach the resistance level at $5 soon. If the trend continues ADA can reach $10. If the trend reverses, then the price of ADA may fall to $1.3.