Famous analyst Ali Martinez shared his insights and predicted that ADA will increase while MATIC may decrease in the near future.
According to analyst Ali Martinez, Cardano (ADA) can repeat the performance from 2018 to 2021 in this cycle and breakout to $5.
Martinez mentioned this in a post on March 16 on X. However, the analyst explained that ADA may consolidate between $0.55 and $0.80 for a while.
Afterwards, he noted that the price will rise to $1.7 before another consolidation phase and then a breakout to $5 will occur.
Another token that Martinez highlighted is Polygon (MATIC). Based on online data from IntoTheBlock, the analyst explained that MATIC may have found support around $1.02 – $1.05.
He added that this support is a result of 608 million tokens being bought by 10,900 addresses around that area. However, Martinez emphasized that the MATIC price may drop to $0.91 if the bull side fails to defend the mentioned support level.
Like most other altcoins, the value of Cardano and Polygon are both decreasing. Both altcoins have seen a similar decrease in the past 24 hours. At the time of writing, ADA is trading at $0.6729 and MATIC is trading at $1.06.
Although both are moving down similarly, according to the famous analyst’s sharing, ADA can bring profits to those who hold it in the near future.
As for MATIC, it is difficult to recover, its price may drop below $1. However, if it regains momentum, it could push the token much higher and reach $1.50 at that time.
