Cardano Price Has Seen This Setup Before (Last Time ADA Rallied 2,000%)

One analyst believes the Cardano price may be building a long-term base similar to the structure that preceded one of its biggest historical rallies. 360Trader shared Cardano’s weekly chart and compared the current setup with the previous cycle, when ADA eventually rallied roughly 2,000% from a depressed accumulation area. The analyst is not calling for another 2,000% move immediately. His first condition is much simpler: ADA needs to reclaim $0.25. ADA Needs $0.25 Before the Setup Gets Interesting The current chart shows Cardano near the lower part of a broad long-term range.

Source: CaptainAltcoin