IMPORTANT POINTS:
- Analyst Tyler Strejilevich believes Cardano could repeat a 2020 pattern that led to a 6,000% rally.
- If this comes to fruition, ADA would go from being worth $0.61 per token to more than $33, when the all-time high is $3.
- ADA is one of the cryptocurrencies that has risen the most so far this year, with a gain of more than 152%.
With a weekly gain of more than 15%, Cardano was once again in the focus of the crypto market and even more so with a bold projection of an analyst.
Tyler Strejilevich, who usually analyzes within the cryptocurrency industry, published an image on his Twitter account alluding to a past ADA behavior.
Strejilevich highlighted that Cardano is about to experience a bullish weekly crossover identical to what happened for the altcoin in June 2020, when ADA skyrocketed 6000 %.
With this context, the analyst believes that the bullish pattern that lasted more than a year could be repeated perfectly. If this amazing movement takes place (and unlikely with this scenario) Cardano would be worth from 0.61 USD to more than 33 USD.
It should be remembered that the maximum price reached by ADA was in August 2021, when it slightly exceeded 3 USD.
Cardano’s good moment
With a market capitalization of over $21.8 billion, ADA is ranked eight in the crypto rankings.
Additionally, ADA has seen a notable increase in high-volume transactions, surpassing $1.5 billion in the last 24 hours (12/14).
