ADA coin price action forms a triangle pattern in the daily chart that may soon give a massive move upon breakout on either side.
Cardano, a proof of stake blockchain platform, claims its goal is to empower "changemakers," innovators, and visionaries to create positive global change.
Open-source projects also aim to "redistribute power from unaccountable structures to the margins to individuals." Thus, creating a more secure, transparent, and fair society.
Cardano was established in 2017 and named after Gerolamo Cardano, a 16th-century Italian polymath. The native ADA token gets its name from Ada Lovelace (19th-century mathematician), widely regarded as the first computer programmer in the world.
Let us now take a deep look into the technical analysis of Cardano's cryptocurrency.
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