Crypto analyst Benjamin Cowen sees similarities between Cardano's current trend and its behavior in the previous market cycle. Cowen believes that ADA's current risk level is similar to where it was in 2020, suggesting that the cryptocurrency may be poised for a significant surge. He presents technical chart patterns from the previous cycle and the current cycle, highlighting the potential for a rally assuming the market cycle repeats itself. Cowen also notes that ADA is repeating a pattern against Bitcoin, further supporting the idea of a bull rally. Technical developments and favorable events, such as the Voltaire upgrade and Charles Hoskinson's relationship with the incoming administration, have also contributed to ADA's recent success. At the time of writing, ADA is trading at $1.235 and its next notable resistance is around the $1.5 region, with a potential target of its all-time high at $3.160.



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