Cardano’s recent performance was courageous. However, an experienced analyst found reasons to believe that the “monster paraboolic rally olu was close for crypto currencies.
Analyst draws attention to historical data for crypto currency!
Experienced crypto currency analyst Ali Martinez stressed Cardano’s historical tendencies in his post. According to Martinez, if the past data has any weight, the island may be on the verge of a historical break towards the highest level of all time. This brave claim came at a time when the sensitivity around Cardano decreased because the Token lost 21 %last week.
Looking at the monthly chart, the situation looks even worse; This graph shows that there is a loss of 33 %for Holders who buy islands when they are traded above $ 1.1. However, Martinez aims to give hope to Ada Holders using past data.
Productive data for crypto money from the history of Cardano!
The graphic accompanying the analyst’s post draws parallels between the current price structure of the island and the breakage of 2021. It is noteworthy that this structure comes before the rise of the island. The graph emphasizes a consolidation phase that the island fluctuates in a certain range before it turns into a paraboolic rally. An arrow points to this critical breaking point from the past, and a similar shaded region shows that history may be repeating.
If so, the island may be at the beginning of another explosive rise trend. Meanwhile, the graph shows that Cardano can re -test the low levels of around $ 0.5 before rising to the highest level of all time. This view is getting stronger with the interpretation of Martinez, who states that it is still time to prepare ”. After the final break, the island may be looking at a summit in the double -digit range.
Cardano Historical Price Graph. Source: Ali MartinezHow high will the island reach?
Currently, the island is trading around $ 0.7563 and there is an emergency resistance around $ 0.90. In case of exceeding this level, the gray -in -tone price projection in the graph points to an increase of up to $ 15 beyond the previous high levels. This appearance was inspired by the island from about $ 0.085 to $ 3,10. In particular, this pointed to a price gain of 3.547 %from the breaking point. Currently, if the island reinstates the low level of $ 0.5, it will mean a gigantic increase of 2,900 %for stable investors to rise to $ 15.
Legendary Trader Peter Brandt accepts
Especially Ali Martinez is not the only market observer with a bold perspective for Cardano. Legendary Trader Peter Brandt said that the island was previously arranged for what it called a “big bull run ve and that the crypto currency ended the decrease stage. Analyst Dan Gambardello, who shares a similar idea, estimates that Cardano can reach a market value of $ 500 billion, which will increase the island price to $ 14.
The opinions and estimates in the article belong to analysts and are definitely not an investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
