Analyst Ali Martinez has made promising predictions about the potential for strong growth in several cryptocurrencies in the near future, especially Cardano (ADA) and Bitcoin (BTC).
Martinez believes that Cardano (ADA), a smart contract platform competing with Ethereum (ETH), could see strong growth in the coming weeks. The analyst notes that ADA is currently following a pattern similar to the previous cycle:
"ADA is developing according to a pattern similar to the previous cycle, which makes me believe that a major move is about to happen. There is a possibility of a price surge to $4 within the next few weeks!"
If ADA can rise to $4, this altcoin will record a growth of up to 266% from its current price.
Source: Ali Martinez/ X
Currently, the price of ADA is trading at $1.08, an increase of 20.9% in the past week. This growth reflects optimism about the future of Cardano, especially as the platform continues to develop its smart contract features and improve its scalability.
Next, Ali Martinez also mentioned Bitcoin (BTC), suggesting that the leading cryptocurrency by market capitalization is still at a critical point in its price cycle.
"Currently, BTC may just be retesting the 50-day MA, before potentially dropping. However, if Bitcoin closes consistently above the 50-day MA, this will signal the end of the current correction and confirm the next bullish trend."
Source: Ali Martinez/ X
At the time of writing, the price of Bitcoin is trading at $97,683.
Martinez has also used the Tom Demark Sequential (TD) indicator in his analysis. This is a technical analysis tool that traders often use to identify potential reversal points in the price of an asset. According to Martinez, the TD indicator is currently signaling bullish trends for several other projects, including Worldcoin (WLD) and Celestia (TIA).
https://tapchibitcoin.io/nha-phan-tich-du-doan-ada-co-the-tang-266-len-4-do-la.html
