Popular crypto analyst Ali recently posted about the potential for Cardano’s price to see significant gains in the coming months. According to Ali, Cardano’s current consolidation phase mirrors its late 2020 behavior.
Massive Price Surge Expected Around April
If history repeats itself, Ali suggests that we could see Cardano resuming its upward trend around April 2024. This would align with previous market cycles for the cryptocurrency.
Quoting Ali’s post, he stated: “Cardano’s current consolidation phase mirrors its late 2020 behavior. If history repeats itself, we might see $ADA resuming its upward trend around April.“
At Cardano’s current price of $0.49, a rally in April could take it close to $1, representing nearly a 100% price increase from today’s levels. However, Ali believes there is potential for even stronger growth ahead.
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Show more +Beyond the April Surge
After an initial surge in April toward $0.80, Ali expects a brief correction back to $0.60, followed by further momentum taking Cardano over $3 and close to its previous all-time high around $2.9. If Cardano follows this trajectory, it could provide investors with massive returns compared to current prices.
So based on historical cycles, April 2024 appears to be a pivotal month for Cardano to resume its upward price trajectory. According to expert analysis, the months that follow could see exponential growth for ADA holders.
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