😱💥Crypto analyst expects Cardano (ADA) big rise

A cryptocurrency analyst said that #cardano (#ADA ) has created a graphical model that signals a potential rally.
A cryptocurrency analyst said that Cardano (ADA) has created a graphical model that signals a potential rally.

Analyst Ali Martinez, in his share on X, stated that the asset will rise depending on the descending triangle chart model.

A descending triangle is usually considered a continuation formation in a downtrend. However, a reverse fracture that occurs indicates an upward trend.
The analyst said that the ADA could rise as high as $ 0.68 after the bullish move.

“The ISLAND shows the signs of a descending triangle on the daily chart. a stable closing above $0.53 could lead to the start of a 32 percent rally and potentially push the ADA up to $0.68.”
According to IntoTheBlock, a significant percentage of Cardano investors are long-term investors.

“23 percent of ADA owners have been holding ADA tokens for more than five years.”
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