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Bullish cup-and-handle pattern sets Cardano (ADA) price up for a new ATH

Published Aug 19, 2021 08:24PM ET Updated Aug 20, 2021 10:20PM ET
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Bullish cup-and-handle pattern sets Cardano (ADA) price up for a new ATH
 
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Smart contracts have been a revolutionary force in the blockchain industry because they have enabled the creation of decentralized finance protocols, nonfungible tokens and a new form of carrying out transactions without the need for an intermediary.

Cardano is one of the many projects that has been gaining momentum throughout 2021 and now that the project’s long-awaited smart contract capabilities are on the verge of becoming reality, the token is on the precipice of setting a new all-time high.

ADA/USDT 1-day chart. Source: TradingView
ADA/USD 1-day chart. Source: Twitter
ADA/USD 1-day chart. Source: Twitter

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Bullish cup-and-handle pattern sets Cardano (ADA) price up for a new ATH
 

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Comments (2)
Paul Matencio
Paul Matencio Aug 22, 2021 6:06PM ET
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Cardano NFT does not require full smart contrat functionalities. CNFT was available since March 2021. Cointelegraph should understand that Cardano is different.
reza sep
reza sep Aug 20, 2021 11:12PM ET
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👍 tp1: 3$ tp2: 3.5$
 
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