Cardano supporters spot consistency with 2020 bull run patterns.
The analysts predict a $6 target for ADA in the current bull cycle.
ADA gained 1,800% under similar conditions in 2020.
Despite a recent pullback, Cardano (ADA) supporters are adamant that the cryptocurrency’s trend is consistent with the 2020 patterns. Most crypto community members observing ADA’s recent price development are discussing the potential of the crypto, projecting the possibility of a $6 for the digital asset before the bull run ends.
ADA’s price reached a $1.327 yearly high on December 3 before correcting. A 42% pullback saw ADA decline to $0.762 in less than three weeks. However, the cryptocurrency’s supporters believe the bullish momentum is intact, and the altcoin will repeat the achievements of the last bull cycle.
Related: ADA Price Jumps 223% in 30 Days: Cardano’s $2 Target Gains Traction
It is worth noting that the 2020 bull cycle marked Cardano’s most significant rally in history. The Smart Contract coin began the year at $0.032 before surging over 13,000% in a sustained rally lasting over 20 months. ADA traded for $0.3160 as of September 2021, marking…
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