Cardano has been in the spotlight lately as it started a good performance in the August trading session.
The August trading session, Cardano has produced a 50% jump consistently hitting a recent high of $ 1.89.
From a perspective, Cardano has outperformed the top 5 largest cryptocurrencies Bitcoin 25%, Ethereum 35% and BNB 29% in the August trading session.
Increasingly gaining attention after Cardano launched various projects, especially the Alonzo hard fork which has attracted the attention of investors.
Next, look at the current ADA/USDT price movement chart.
The ADA has witnessed a drastic price movement by producing a 24% jump in yesterday’s trading session.
From a technical point of view, the ADA is seen to be still showing positive price movement and is retesting the resistance level around $ 1.86.
Crypto analysts expect that if the ADA remains with a bullish pattern, price movements will make the latest highs and possibly make a higher jump.
However, if the ADA returns to show a bearish pattern, the price will retest the RBS level (resistance become support) around $ 1.75 before making a lower decline or it is just a retracement.
At the time of writing, the ADA is trading at around $ 1.84 up over 7% in the last 24 hours.
