Cardano Price Could Be On Its Way To $2 — Heres How

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Cardano Price Could Be On Its Way To $2 — Heres How

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The Cardano price was one of the major beneficiaries of the positive momentum injected into the market following US President Donald Trumps announcement of a strategic crypto reserve. On Sunday, March 2, the altcoin surged by almost 60% in a couple of hours after the disclosure.

While the Cardano price has maintained a good percentage of the early-week gains, it has experienced a mild pullback over the past week. Interestingly, the current price setup suggests that the cryptocurrency may soon resume its upward trajectory and travel to new cycle highs.

Whats Next For ADA Price In This Cycle？

In a March 7 video posted on the X platform, popular crypto analyst Ali Martinez revealed how ADA could enter a fresh bull rally to a new high in the current cycle. According to the crypto pundit, the ninth-largest cryptocurrency could still make a play for the $2 mark.

Source: @ali_charts/X

However, as shown in the chart above, the broadening wedge pattern in the ADA daily chart specifically has a horizontal upper trendline (right-angled) and a falling lower trendline. In any case, t

Cardano Price At A Glance

After surpassing $1.1 on the back of the strategic crypto reserve news earlier, the price of ADA has returned below $1. As of this writing, the Cardano price stands at around $0.82, reflecting an over 4% decline in the past 24 hours.

The price of ADA on the daily timeframe |

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