While the overall market continues to struggle, Cardano bulls are forcing new ATHs today as the cryptocurrency surged past the previous ATH at $1.20 yesterday to set a new one today at $1.49.
Cardano did see some sideways price movement during the week with the weakness generated from Bitcoin. However, ADA managed to remain supported at $0.95, provided by a short-term ascending trend line.
On Wednesday, it rebounded from this trend line and continued its previous bullish momentum upward. ADA has since dropped slightly from the ATH as it now trades at $1.38.