🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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#加密生态动态追踪 Can ADA revisit the 2020 market rally?💥
Technical analyst Quantum Ascend has recently been observing an interesting phenomenon—the weekly chart of Cardano is replaying a fractal pattern similar to the rapid surge before 2020. According to his forecast, a conservative estimate suggests it could reach $4.88–$5.50, and if it enters an extreme bull market state, it might even spike to $10.40.
What are the key points to watch? The slow triangle consolidation on the weekly chart, with Wave E potentially breaking out at any time. $5 is near a convergence zone of multiple support lines, which from a technical perspective, is a relatively safe entry point.
But to be honest—although the pattern looks bullish, the current volatile行情 could pull back to around $4.88. For a more conservative approach, it’s better to deploy in stages.
Looking at the bigger picture, the market correction should be nearly complete. Quantum Ascend believes that ADA could outperform BTC before the end of the year, and the $10 mark is not as far-fetched as it seems.