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Crypto analyst expects a rally from Cardano (ADA)
The cryptocurrency analyst said that Cardano (ADA) has created a chart pattern that points to a potential rally.
Analyst Ali Martinez, in his post on X, stated that the asset will rise depending on the descending triangle chart pattern.
A descending triangle is often considered a continuation pattern in a downtrend. However, a reversal breakout indicates a bullish trend.
The analyst said that after the ADA turns bullish, it could rise as high as $0.68.
According to IntoTheBlock, a significant percentage of Cardano investors are long-term investors.