According to the weekly ADA USD chart as well as the weekly RSI, the ADA price action is about to break out the descending support in yellow. As can be seen in the weekly RSI, the descending support has already been broken but still the ADA price action above, needs to follow this existing RSI break out. Looking bullish in the long term as long as Cardano continues with better fundamentals and more dapps to be deployed.
Note
I meant descending resistance in yellow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.