Coin Edition -
- ADA could repeat history by breaking out around December and rallying in July 2024.
- Bulls have failed to break the bearish market structure as ADA risked falling from $0.246
- Alongside ADA, the value of SOL and other cryptocurrencies in the top 20 fell in the last 24 hours.
According to on-chain analyst and trader Ali Martinez, Cardano (ADA) could remain in the consolidation phase till July 2024. The analyst, who posted this prediction on X (formerly Twitter), noted that ADA’s current condition was similar to the 2018-2020 scenario.
#Cardano's current consolidation trend eerily mirrors the 2018-2020 phase!