Cardano ($ADA) has been flying under the radar lately, but the weekly chart suggests that things may change in the near future. According to a new $ADA price prediction by popular analyst Ali Martinez, the current price structure for Cardano token is actually very similar to what happened just before its last major breakout a few years ago.
As Martinez points out, the same slow build-up, the same flat base and the same hesitation under resistance are occurring. The levels are different, but the rhythm feels familiar.
Right now, $ADA is just below the $0.85 mark, which is the 0.5 Fibonacci retracement level from its broader range. During the last cycle, this same midpoint was the level that $ADA crossed before rising above $1 and continuing to rise.
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