Cryptocurrency analyst Ali Martinez mentioned the possibility of Cardano (ADA) price increase in his statement. Here are the details.
Ali Martinez, one of the famous analysts of the cryptocurrency market, made a statement about the possibility of a bull run in ADA.
According to the analyst, if the Cardano price moves according to the pattern in late 2020 and exhibits similar price behavior, the price of this altcoin could remain in a sideways phase until April 2024.
However, the analyst asserts that this sideways move will set the stage for ADA's next price increase.
At the time of writing, Cardano price is trading at $0.507 and has lost about 8% of its value in the last month.
Cardano broke its all-time high price record reaching as high as $3.10 during the massive 2021 altcoin bull run. ADA is currently trading 83.33% below this level.
In addition, Ali Martinez also shared interesting onchain data about Bitcoin. According to data shared by the analyst, 912,626 BTC have moved around the $42,560 level, which is the area of greatest concern for BTC to date.
