Cardano looks back at the 2020 bull market: Can ADA rise another 18 times?
ADA surged 300%, and analysts saw the shadow of the 2020 bull market
Benjamin Cowen found that Cardano's ups and downs are quite regular.
You see, ADA's current trend is quite similar to the 2020 bull market.
This trend of Cardano makes many people think that ADA will continue to rise.
Benjamin Cowen, founder of Into The Cryptoverse, found that Cardano (ADA)'s current trend is quite similar to the previous wave.
In a recent podcast, the cryptocurrency analyst said that ADA's current risk is similar to that of 2020. According to Cowen, the blockchain token ADA will soon rise again. Looking back at 2020, ADA rose 1800% by the end of the bull market!
The famous analyst also showed a technical chart comparing the period from 2019 to 2020 before the bull market, and the period from 2023 to now. After Cowen said this, everyone felt that if the market cycle repeats itself, ADA will have to rebound.
In addition, Cardano (ADA) has been gaining momentum recently. Can it break through $1.3 and rise to $2 soon? Let's wait and see.
In addition to looking at the comparison between ADA and the US dollar, Cowen also found that the trend of ADA and Bitcoin is quite similar. The weekly chart of ADA/BTC shows this...
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