ADA breakout is expected to be around November 18th, says Ali Martinez.
The analyst added that the market top will be witnessed in September 2025.
ADA is down 8.26% in the past month, being one of the worst performing blue chip tokens.
Cardano (ADA) could be ready for a breakout, according to crypto analyst Ali Martinez.
Martinez posted on X that ADA’s price action is similar to 2020, suggesting the cryptocurrency could turn bullish as soon as November 18th. This prediction considers ADA’s price trajectory in the previous bull run.
I believe #Cardano $ADA is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025. pic.twitter.com/GgKWBqzYXU
— Ali (@ali_charts) October 29, 2024
The analyst also predicted that ADA will skyrocket two weeks after the conclusion of the 2024 United States presidential elections and the potential market top will be witnessed by September 2025, Martinez further added.
According to the data from CoinMarketCap, ADA is trading at $0.3585, up 3.9% in the past 24 hours and has a market cap of $12.5 bi…
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