A prominent market commentator has predicted a meteoric price development for Cardano amid a bullish start to the new week.
Specifically, market expert Ali Martinez expects a rapid price rally for Cardano, the tenth-largest cryptocurrency by market capitalization. The blue-chip asset has had a strong start to the week amid a broader market recovery, and the commentator predicts a move that could lead to a 27% upsurge.
Cardano Breaks from Symmetrical Triangle
ADA’s price has been setting up nicely within a symmetrical triangle on the hourly timeframe, according to Martinez. The structure’s formation kicked in from the asset’s April 2 high of $0.673, with the lower support line at the April 7 low of $0.512.
Meanwhile, Cardano has failed to close above the descending resistance line on multiple attempts, with the latest attempt coming up on April 20, when ADA surged to a high of…
