Cryptocurrency analyst and trader Ali Martinez is saying that Cardano (ADA) is on the cusp of potentially enjoying an explosive run from its current level.
Martinez tells his 41,000 followers on the social media platform X that Cardano is currently in a consolidation phase on the three-day chart.
The crypto analyst and trader says that the current consolidation phase is similar to what ADA experienced in 2020 just before skyrocketing from around $0.10 to an all-time high of slightly over $3 – a gain of over 2,900%.
According to the crypto analyst and trader, “If history repeats itself, we might see ADA resuming its upward trend around April.”
On his targets for Cardano, Martinez says that a correction of around 25% possibly awaits the ninth-largest crypto asset by market cap on the way to hitting a new all-time high.
“This pattern continuation could potentially lead to an upswing toward $0.80, a brief correction to $0.60, then $7!”
Source: Ali Martinez/X
Cardano is trading at
We współpracy z: https://dailyhodl.com/2024/01/20/cardano-could-explode-by-over-1300-if-history-repeats-itself-according-to-trader-but-theres-a-catch/
