Market analyst "CobraVanguard" believes that Cardano's native token, ADA, could experience a significant rally. ADA has reclaimed the $1 price point and may still have room for further upside, with the analyst stating that it could rally to $1.5. This would represent a 44% increase from its current price of $1.04. CobraVanguard cites an ascending triangle chart pattern and a cup-and-handle structure as potential bullish indicators. Another analyst, Ali Martinez, also predicts an ADA breakout to $1.5, citing an asymmetric triangle pattern and buying pressure from whales. The potential catalyst for this rally could be the inauguration of President-elect Donald Trump, who has shown support for crypto.
- Content Editor ( thecryptobasic.com )
- 2025-01-16
Cardano to $1.5? Analyst Points to Two Bullish ADA Patterns