Cardano, a popular layer-1 network, is experiencing a prolonged retracement since December, keeping its market in a bearish state. Despite the downturn, a prominent crypto analyst expresses optimism for Cardano, suggesting that its price may soon experience a strong bullish breakout thanks to its historical performance.
Investors holding ADA are currently facing losses, yet they may find solace in the analyst's positive outlook. This insight stems from a review of Cardano's past price behavior, implying a potential rise in the near future.