If Cardano (island) repeats the price movement in 2020, it can reach $ 3 with a 350 %rise in 2025.
CARDANO price has recorded a strong return
This week with a 15 %rise, the island, which attracted attention, fell to $ 0.05 on February 3. However, rapidly recovered and rose to $ 0.78. It is currently at a critical level and is trying to remain over $ 0.73.
Although the island is still 75 %of the $ 3.09, which is the highest level of all time, technical indicators point to a promising rise.
In technical analysis, fractal formations help to estimate the repetition of certain price movements in the past to estimate price movements that may occur under similar market conditions.
Cardano’s weekly price graph for 2025 is very similar to the model observed in 2020. This model led to a huge rise of 3,375 %in the previous bull market.
Can history repeat?
In 2018, Cardano had a 97 %decrease after reaching a $ 1.31 summit. Similarly, after the summit in 2021, it saw a 93 %decline.
However, a long accumulation process took place in both cases. In this process, the price tested both the upper and upper levels by acting in a certain band.
As in the past, Cardano may have come close to the end of this accumulation process. If the island exceeds the upper level of this region, it can re -test the highest level of all time within 140 to 180 days, as in 2021. (It took 154 days to test the island’s summit in 2018 in 2021.)
The repetition of this fractal model reinforces the likelihood of the island to reach $ 3 with an increase of 350 %in 2025.
Expert Review: The island entered a large bull market
Experienced investor Peter Brandt said that in January, the island created a double dip (double-bottom) formation and broke its local summit, $ 0.81. Brandt made the following statement:
“Your doubt Not, Cardano entered a large bull market. ”
Whales continue to save the island
According to centimeter data, the wallets that hold more than 1 million islands have accumulated a total of 1.41 billion islands in the last 15 months.
This amount corresponds to 2.35 %of the total circulatory supply, so large investors trust the island in the long run. In addition, the last rise of the island has increased the interest of the crypto community by creating a great interaction on social media.
Looking at short -term price movements, the island creates a bull flag (Bullish Pennant) formation. If this formation is broken upward, the island is expected to rise 25 %and test the $ 1 psychological level.
