Cardano [ADA] repeats 2020 rally: Should you prepare for $1?

Cardano [ADA] witnessed a major setback last month as its value plummeted sharply, but the trend might change soon

A pattern emerged on Cardano’s price chart, which, when it appeared in 2020, resulted in a massive bull rallyHowever, if historical data is to be believed, then ADA might soon display explosive growth that could allow the token’s price to reach an all-time high.Though ADA’s price increased by 3% in the last seven days, it was not enough to recover its monthly loss.

But things might soon turn in ADA’s favor, as the token was mimicking its 2020 price action. Milkybull, a popular crypto analyst, recently posted a To be precise, ADA’s price gained bullish momentum back in 2020 after it exited the pattern. If history repeats itself, then a breakout above the pattern could result in Cardano touching an all-time high in 2024.

The token’s liquidation will rise sharply at that level, which can result in a short-term price correction.

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