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Ali Martinez, a new analysis by the Crypto strategy, suggested that Cardano (ADA) may be on the threshold of a big upward step – to a price sign of $ 15, which would represent an amazing mass by 1850 % of the current levels near $ 0.76 dollars . “If the historical data is any evidence, it may be Cardano at the beginning of the monster equivalent gathering!” Martinez writes via X.
Cardano fracture analysis indicates the main bullish direction
Martinez table (It was published on the 3-day time frame) It draws a parallel between the Cardano price movement in the 2018-2021 cycle and its current structure, highlighting a semi-identical Syrian style. In the previous session, ADA was united for several months within a specific horizontal range before the implementation of a decisive retrieval process and re -testing the upper borders. This then led to the rise of an equivalent that extends in the late 2020 to 2021.
In the current cycle, Cardano appears to re -test a similar support line, appears on the Martinez chart as a horizontal group ranging from 0.76 – 0.80 dollars. If ADA follows the same path that occurred in his last large gathering, the “Monster Parabolic Rally” fractures means an increase in $ 15.
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Immediate support is currently at 0.76 – $ 0.80. According to the graphic drawing, ADA is hovering directly above the decisive support area – a role in the previous session was to provide a starting point for the bull run that followed.
The next important resistance level is about $ 1.60, in line with the upper limits of the gray high region on the graph. It is worth noting that this price level also corresponds to the level of tradition of 0.5 Fibonacci decreed from the last peak in the bull market to the bottom of the bear market.
In the long run, the gray -extended price line in Martinez chart shows fracture -based projection, indicating that ADA can eventually rise towards a $ 15 region. If ADA continues to follow this path, then the area between 0.618 Vibonacci ($ 2.00) and 0.786 Vibonacci ($ 2.47) can act as a temporary resistance area, which may cause a brief unification before the resumption of the bullish momentum.
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Martinez’s point of view depends on the idea that encryption markets often show periodic behaviors. In the last main course in Cardano, once the main horizontal level is recovered and successfully re -tested, the momentum accelerated sharply, and reached its climax in an explosive step. With the current market regaining a decisive support area, Martinez assumes that the table has been appointed in the other extended bull stage.
Of course, the fruits do not guarantee future performance; Instead, they are visual auxiliary tools that highlight how price structures can hesitate to behave the past market. Whether Cardano follows this text program depends on the wider market conditions and investor morale. However, the analyst’s expectations confirm the reason that $ 0.76 is a level of viewing.
At the time of the press, ADA was traded at $ 0.74.
Distinctive photo of Shutterstock, Chart from TradingView.com
