- An analyst predicted an exponential rally for ADA but suggested a possible decline for MATIC.
- Fresh demand for ADA could trigger an upswing toward $1.13, the Fibonnaci extension revealed.
- The MACD on the MATIC 4-hour chart indicated severe bearish momentum as the price might fall to $0.92.
According to analyst Ali Martinez, Cardano (ADA) could repeat its 2018 to 2021 performance this cycle, and breakout to $5. Martinez mentioned this in a March 16 post on X. However, the analyst explained that ADA might consolidate between $0.55 and $0.80 for a while.
After that, he noted that the price might jump to $1.70 before another consolidation period that foreshadows a rally toward $5.
So far, #Cardano resembles the pattern observed from 2018 to 2021.Should this fractal continue, anticipate $ADA to consolidate in the $0.55 to $0.80 range in the coming weeks, followed by a surge to $1.70. After this upswing, expect a period of further consolidation, setting… pic.twitter.com/46LIp2hkMx
— Ali (@ali_charts) March 16, 2024
Another token Martinez focused on was Polygon (MATIC). At press time, MATIC’s price had decreased by 8.02% in the last 24 hours. This left the val…
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