- Ali Martinez has predicted that ADA will see a “monster parabolic rally” in the near future.
- Martinez highlighted a fractal pattern that the altcoin had formed in 2021 resulting in massive gains.
- Vortex co-founder Gleb confirmed that whales’ confidence in the ADA token is waning.
ADA could be looking at significant gains in the near future, according to crypto analyst Ali Martinez. ADA faces a strong resistance towards the $1 price level, but Martinez claims the cryptocurrency is due for a “monster parabolic rally.”
In a post on X (formerly Twitter), Martinez posted a chart for the ADA price action, highlighting that the cryptocurrency is forming patterns similar to the 2021 crypto market bull run. The analyst showed a fractal pattern in the chart where ADA previously consolidated within a range before exploding in 2021. A similar accumulation phase appears to have formed recently, marked by a breakout from a key resistance level.
The shaded regions and the black arrow emphasize the similarity between past and present price structures. If history repeats itself, ADA could be on the verge of a strong upward move, potentially leading to signi…
The post ‘Monster Rally’ Ahead? Analyst Predicts Cardano (ADA) Surge appeared first on Coin Edition.
Coin Edition – Read More