Crypto analyst Ali Martinez has provided a bullish narrative for Cardano (ADA) based on a historical pattern. According to him, the crypto token could hit a new all-time high if this pattern were to continue.
Cardano Could Rise To As High As $7
In a post on his X (formerly Twitter) platform, Martinez shared an analysis of how ADA could run to $7. The analyst highlighted the fact that ADA’s current consolidation phase was mirroring its “late 2020 behavior.” and that the crypto token could hit that price level if history repeats itself. He elaborated on how ADA’s price movement could turn out on its way to $7.
#Cardano‘s current consolidation phase mirrors its late 2020 behavior. If history repeats itself, we might see $ADA resuming its upward trend around April. This pattern continuation could potentially lead to an upswing toward $0.80, a brief correction to $0.60, then $7! pic.twitter.com/RuRA2EDMNP
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Author: Scott MathersonDid you like this?
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