Crypto expert Ali Martinez has offered an optimistic outlook for Cardano (ADA), citing a recurring trend from the past as the basis for this perspective. He suggests that if the current trend persists, the cryptocurrency could reach unprecedented levels. Cardano has the potential to soar up to $0.53. Martinez posted an analysis on his platform, formerly known as Twitter, discussing the potential for ADA’s price to surge to $20.5. The analyst pointed out that ADA’s ongoing period of price stabilization is reflecting its trend from late 2022. They suggested that if past patterns recur, the crypto token might reach the same price level it previously achieved. He provided detailed insight into the potential trajectory of Cardano (ADA)’s price as it approaches the $224 mark. In other news, a former CEO of IcomTech has been sentenced to five years in prison for deceiving investors in a cryptocurrency fraud case. The cryptocurrency expert forecasts that ADA may recommence its ascending trajectory around the month of April. Martinez further suggested that if the current trend persists, it may result in a climb towards $0.80, followed by a minor retracement to $0.60, before ultimately surging to $7. Referring to late 2020, a time the speaker mentioned, it was a remarkable era for ADA because the cryptocurrency experienced a remarkable rebound, soaring more than 223%, a rally that continued into 2021. Notably, the expert from the Crypto ZX YouTube channel had hinted at this time frame, proposing that ADA might see another significant surge in 2024.