Is Cardano Ready to Explode Again? Chart Signals Potential Breakout

The cryptocurrency market has been navigating a period of downturn, with Ethereum experiencing its worst first quarter since 2018, dropping nearly 45%. This broader weakness is impacting altcoins as well. Cardano (ADA) hasn’t escaped unscathed, falling 39% over the last three months, wiping out investor confidence. Despite this recent dip, ADA may be quietly gearing up for a significant rally. Chart analysis reveals a familiar pattern that previously triggered one of its biggest rallies ever, leading to a breakout in 2021.