- Cardano repeats same bull pattern as 2020 and 2021 ADA pump phase.
- ADA price could go on to set a new ATH int he coming weeks ahead.
- Analysts expect parabolic moves for Cardano this bull cycle.
With Bitcoin struggling to break past the $99,000 price level and reclaim its 6-digit prices analysts are keeping a closer eye on altcoins instead. As we reach mid-February, anticipation is high for Ethereum to set a new ATH price. Historically, February and March have been bullish months for ETH igniting the hope that the pioneer altcoin asset will finally set a new ATH this bull cycle.
Parabolic Moves Ahead for Altcoins
Furthermore, ETH is expected to lead this bull cycle’s peak altseason phase and analysts believe a new ATH will spark the pump. The New Year is following a Bitcoin Halving year meaning Q1 is expected to usher in this peak altseason phase based on historical data and many altcoins are showing highly bullish indicators to suggest a surge soon.
To highlight, the post above marks all the bullish signs pointing to an altseason peak. Besides the golden cross formation on the altcoin price chart, the CPI has marked the last 6 bottoms for BTC and BTC Dominance is touching a trend line that has been in place for almost 8 years. It is also nearing an indicator that has never been broken before pushing altcoins towards an explosive rally.
Cardano Repeats Same Bull Patterns
One of the popular altcoins showing bullish pumps this bull cycle is Cardano which seems to be repeating the same bull patterns of 2020 and 2021 but at a slower pace. This movement could lead to a parabolic rally in the coming weeks ahead. Several analyst expect to see a new ATH for Cardano (ADA) this cull cycle.
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