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.” #Write2Earn #binance