Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6

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Cardano Follows 2020 Bullish Pattern – Top Analyst Plans To Take Profits Between $4 And $6 - NewsBTC

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Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday – Details Top analyst Ali Martinez shared a technical analysis on X, highlighting striking similarities between ADA’s current price chart and its 2020 performance—a year marked a bullish phase for altcoins.

For ADA, holding above key support levels and breaking back toward its recent highs will be essential to sustain investor confidence and set the stage for a potential breakout as the market evolves.

According to Martinez, Cardano’s current price action mirrors its behavior during 2020, preceding a massive bull run. Martinez acknowledges the possibility of a dip to $0.76 but views it as a buying opportunity, underscoring his confidence by stating his plans to book profits between $4 and $6.