- A cryptocurrency analyst predicted that ADA could break through the $0.45 resistance level by the start of December.
- ADA’s price surged 9+% in the past 24 hours, which left it trading hands at $0.3939 at press time.
- There has been an increase in media attention surrounding ADA after Steven Nerayoff named it as his “top pick in crypto.”
Well known cryptocurrency trader and analyst, Ali, shared in an X post today that Cardano’s (ADA) current consolidation mirrors the 2018-2020 phase. However, in this case, there is no Covid-19 crash.
#Cardano's current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19 crash!If so, $ADA could break through the $0.45 resistance around the first week of December. The upswing could send #ADA to $0.75 by late December.
Looking to trade this setup? Head… pic.twitter.com/u3KzOsZj2F
— Ali (@ali_charts) November 16, 2023
After ADA’s 2018-2020 consolidation, the Ethereum-killer experienced a massive spike in its price, and Ali believes this could be the case yet again if history repeats itself. The analyst even predicted that ADA could break through the $0.45 resistance as soon as the first week o…
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