As Bitcoin surges beyond $60,000, Cardano (ADA) has been navigating a crucial phase, prompting questions about its potential for a parabolic rally. Drawing insights from Ethereum's historical patterns, analysts observe that ADA appears to be one cycle behind ETH. Despite current levels around $0.66 to $0.7, parallels with Ethereum's past cycles offer a perspective on ADA's trajectory.
Comparing ADA's current phase to Ethereum's past cycles, the analysis highlights a bullish breach of structure on ADA's weekly chart. This breach, previously witnessed in 2021, led to a surge from $0.15 to $1.5. The expert identifies a similar structural breakthrough on ADA's chart, triggering speculation of potential upward momentum.
The recent viral video analysis anticipates a significant shakeup in the ADA system over the next three days. As ADA surpasses the $0.7 milestone, a 10% surge in the last 24 hours propels it to $0.74, with a brief period above $0.76. The evolving dynamics hint at an intriguing phase for Cardano's price action, inviting market enthusiasts to stay tuned for potential developments.
