Cardano 2023 Rally Offers a Clue

Crypto Crew University’s chart shows that in 2023, Cardano’s monthly RSI crossed above its moving average before $ADA began a strong recovery.

At the time, $ADA was trading at around $0.25 to $0.30. After the signal appeared, its price rose toward a target marked by the white line on the Fibonacci Moving Average (FibMA) indicator. According to the analyst, the move delivered gains of nearly 200%.

For context, Cardano traded at $0.2304 in June 2023 before rising to $0.6778 by December of that year. It continued its climb to $0.807 by March 2024, representing a gain of around 250%.

The analyst highlighted this rally because it occurred without a major altcoin season, suggesting that individual…