Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days.
However, recent price movements suggest a potential bullish reversal despite this decline. ADA has rebounded after testing a major support level around $0.80, reigniting optimism among analysts.
Popular crypto analyst Ali Martinez shared his views on ADA’s future trajectory following this week’s pullback, noting the current market scenario reflects the 2020 bull cycle.
“ADA is following an eerily similar pattern to its previous cycle. Back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today.” He tweeted Sunday, predicting the price could surge to “$6 next”.
Notably, in January, the pundit pointed out the same pattern, noting that if history repeats itself, ADA could sur#BinanceLaunchpoolBIO #BinanceAlphaAlert $BTC