Cardano's (ADA) Mega 4,000% Rally Might Be Ahead, Analyst Teases
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Renowned crypto analyst Ali Martinez says a 4,000% rally might be on the horizon for Cardano (ADA). The analyst's optimistic forecast follows recent price increases for ADA.
ADA repeating historical trend
In an X post, Martinez emphasized that ADA’s current price movement follows historical patterns. The analyst claims that a 50% drop in the price of the cryptocurrency in the past month could be a golden opportunity for ADA, citing observations from historical patterns.
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As a reminder, Martinez pointed to 2019, when Cardano consolidated in a parallel channel, marking the conclusion of the bear market. According to the analyst, ADA eventually broke out of the channel after the stagnant period, increasing by 75%. Subsequently, the cryptocurrency experienced a 56% price correction, laying the foundation for an amazing 4,095% bull market