Cardano price has had a stop-start performance over the past week, with the bulls struggling to maintain their hold above the $0.60 price level. This comes at a period when the premier cryptocurrency, Bitcoin, has been shedding a portion of its recently-accrued gain. Interestingly, a popular crypto analyst on X (formerly Twitter) has carried out a detailed evaluation of ADA’s recent price action, providing insight into the Cardano price performance in the near future. Is ADA Price Set For A Rally To $0.70? In a recent post on the X platform, prominent crypto analyst Ali Martinez has put forward a projection for the Cardano price over the coming days. As highlighted in Martinez’s chart, the ADA token appears to be trading within a descending triangle pattern on the lower timeframes. Related Reading: Shiba Inu Faces Make Or A Point As Analyst Identifies Critical Trading Pattern A descending triangle is a chart pattern that is characterized by a downward upper trendline and a flatter horizontal trendline. The appearance of a descending triangle on a price chart connot ..
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