Cardano Nears End Of 2020-Style Correction: Is $5 To $10 Next?

Cardano (ADA) may be nearing the end of a multi-mo

Cardano Nears End Of 2020-Style Correction: Is  To  Next?

Cardano Nears End Of 2020-Style Correction: Is $5 To $10 Next?

Cardano (ADA) may be nearing the end of a multi-month corrective phase that closely resembles its 2020 setup, according to a new technical analysis video posted Wednesday by crypto analyst Quantum Ascend. The analyst argues that a similar “lower trendline reset” preceded ADA’s prior breakout cycle, and that several weekly indicators are now starting to turn.

Cardano price analysis | Source: X @quantum_ascend
Cardano technical analysis | Source: X @quantum_ascend
ADA needs to overcome the red zone, 1-week chart | Source: ADAUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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