The post Ethereum Rival Cardano Poised For Brutal 24% Move, Popular Crypto Trader Opines ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp While Cardano’s native token ADA remains 74.3% below its all-time high value of $3.09, a favorable technical pattern is taking shape. A closely followed crypto analyst has identified one pattern that could trigger an over 20% move in the price of ADA. ADA Token Eyes 24% Move On The Horizon For ADA In a new strategy session, Ali Martinez told his 127,700 followers on the X social media platform that Cardano’s governance token may be gearing up for a 24% move. The popular trader highlighted an ascending triangle pattern on ADA’s 3-hour candle chart to back his comment. Martinez noted $0.74 and $0.83 as key levels to watch, with a strong break of either mark determining the direction of the imminent move. ADA continued its recovery on Feb. 20, up 5.7% over the past 24 hours, to change hands above $0.8044. The uptick has helped Cardano erase almost all of its losses incurred on Feb. 18, signaling a potential shift in investor sentiment toward the layer-1 token. The upsurge came on the back of crypto giant Grayscale filing with the U.S. Securities and Exchange Commission to introduce its first standalone spot, Cardano exchange-traded fund (ETF), in the U.S. market. Notably, a 24% jump from $0.83 would propel ADA back above the psychologically significant $1 price milestone. Contrarily, a 24% fall below $0.74 would lead to the crypto revisiting the $0.56 zone. Advertisement &nbsp According to Martinez’s analysis, Cardano is likely to see a move to the upside. He asserted earlier this month that the ninth-largest crypto by market cap appeared on track to climb above 83 cents, citing a bullish breakout from a descending triangle chart pattern. Is ADA Ready For A Bull Market? As ZyCrypto has covered previously, U.S. President Donald Trump is apparently “receptive” to a national…

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Filed under: News - @ February 20, 2025 11:19 pm