Since the beginning of 2025, the overall cryptocurrency market has been experiencing a notable price drop. Amid this, Cardano (ADA) has formed a pattern similar to the one it formed in 2020 to 2021 before it soared parabolically.
Cardano (ADA) Upcoming Parabolic Rally
Looking back at history, a prominent crypto expert made a post on X (formerly Twitter) stating that ADA has been mirroring the 2020 pattern at a slower pace, which could soon lead to a parabolic rally.
Based on the recent price action and historical patterns, if the asset successfully breaches the resistance level and closes a daily candle above $0.85, there is a strong possibility it could soar by 35% to reach the $1.14 level once the market sentiment shifts.
With the ongoing market recovery, ADA has positioned itself above the 200-day Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend.
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