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.