The crypto market experienced a decrease in value, causing Bitcoin and other major altcoins, including Cardano (ADA), to drop in price. However, a crypto analyst believes that the downtrend in Cardano's price resembles a pattern seen in the 2020 rally, suggesting the potential for an uptrend continuation. Currently, the ADA price is at $0.96 with an intraday loss of 3.63%. The market cap stands at $9.8 billion. The analyst predicts a potential target of around $4 to $6 if the theory holds true. The ADA price is seeking support at the 0.328 FIB level, indicating that buyers still have an advantage. A breakdown below $0.94 could result in a 17% fall. The ADA price is also trading above the daily EMAs, indicating a high momentum rally in the near term.



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