Following the current cycle, it is assumed we are at the start of a 2-3 year long bull run. Given the trendline drawn it can be assumed that ADA will reach a market cap of 5.9bn (ATH) by Jan 2021 and 10.3bn (ATH) by Jan 2022. Increase in marketcap does not directly suggest increase in price. Depending on the rate of increase and volume of trading price/coin may vary significantly. If the intention is to hold in the current position, then the best scenario would be a sudden surge in marketcap with low volume trading and following the upper channel trend line. A slow gradual increase in market capital is detrimental for price increase.
Im not a professional, just another keyboard warrior whom has watched one too many technical analysis videos on YouTube.
Im not a professional, just another keyboard warrior whom has watched one too many technical analysis videos on YouTube.