Cardano

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Cardano (ADA) may be gearing for an imminent 2,985% rally amid persistent consolidation between $0.24 and $0.46 for the past 329 days. 
Cardano (ADA) is 37% down from the yearly peak of $0.4617 observed on April 15 amid constant declines. However, market watchers remain confident, as bullish patterns have been observed on multiple timeframes. 
Prominent analyst Ali Martinez is the latest to share insights into Cardano’s current market conditions. In a post today on X, Ali called attention to a pattern observed between 2018 and 2020, eventually leading to a massive 2,985% surge. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> 
 <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> <a href="https://t.co/tvzf7VMIsk" rel="noopener noreferrer nofollow">pic.twitter.com/tvzf7VMIsk</a> 
 <a href="https://twitter.com/ali_charts/status/1690986678519832577?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 14, 2023</a> 
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="span-data-preserver-spaces-true-past-consolidation-span">Past Consolidation </h2> 
The analyst cited data from an ADA&nbsp; weekly chart . Notably, following the drop from the high of $1.398 in January 2018, ADA slipped into bearish territories. ADA consolidated between a low of $0.028 and a high of $0.46 from April 2018 to February 2021. 
This extensive consolidation persisted for 665 days. However, market participants continued to accumulate more tokens amid the downturn. Following the downtrend, ADA staged a massive rally, skyrocketing by 2,985% to an all-time high of $3.1 in September 2021. 
<h2 id="span-data-preserver-spaces-true-ada-faces-similar-pattern-span">ADA Faces Similar Pattern </h2> 
<a class="editor-rtfLink" href="https://thecryptobasic.com/2023/08/10/cardano-founder-touts-adas-growth-cites-adoption-and-community-as-key-drivers/" target="_blank" rel="noopener noreferrer nofollow">Cardano </a>... 
<a href="https://thecryptobasic.com/2023/08/14/cardano-may-rally-2985-to-8-95-amid-329-day-consolidation/" rel="noopener noreferrer nofollow">Read more</a>

Cardano May Rally 2,985% to $8.95 Amid 329-Day Consolidation

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