Crypto analyst Nick Valdez believes that Cardano (ADA) could reach new all-time highs based on two factors: its current price action and a potential partnership with the Trump Administration. Valdez points out a broadening wedge pattern in Cardano's price chart, indicating a potential upward move in the near future. He notes that previous cycles suggest a breakout could occur within the next 40 days, potentially in early February. Valdez also highlights Cardano's pattern of strong pullbacks in January, which have historically been followed by recoveries and upward trajectories. Despite recent pullbacks, Valdez advises investors to hold steady as the overall bullish sentiment for Cardano remains intact. The potential involvement of Cardano founder Charles Hoskinson in a new crypto advisory council being formed by President-elect Donald Trump is seen as a positive development, potentially bringing regulatory clarity and institutional support to the project. Valdez predicts that this involvement could lead to a surge in interest and investment, pushing ADA prices toward $10. At the time of writing, Cardano is trading at $1.08, showing a significant recovery from the dip to $0.88 in early January.



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