Cardano is retracing the exact market playbook that preceded its monster 2021 bull run. Analyst Javon Marks laid out the comparison in a fresh analysis: ADA is following the same price sequence that lifted the coin from pennies to $3.10 back then. The current setup mirrors that accumulation phase, suggesting another major move may be brewing.
The 2018 to 2021 cycle tells the story plainly. After ADA crashed from its $1.32 peak in 2018, it bottomed and sat quiet for years, consolidating around $0.02. Barely anyone was watching. Then came the breakout, and Cardano exploded upward to its all-time high of $3.10 in September 2021. Price action was relentless once accumulation ended.
Today's chart looks strikingly similar. After the 2021 peak, ADA entered a grinding correction with a series of lower highs. The token has been sliding down a descending trendline for months, a pattern Marks says mirrors the setup just before the previous breakout phase kicked in. Cardano is now touching the lower boundary of that multi-year downslope, the exact spot where it bottomed before the historic rally.
Where the Money Could Flow
If history repeats, Marks pegs $2.90 as the next major target. From the current price of around $0.18, that would represent roughly 1,300% upside. The analyst suggests early 2028 as a possible timeframe for such a move if ADA continues its cyclical pattern. Multiple resistance levels would likely need to break on the way up, but the structural setup appears to be in place.
Cardano has been a challenging hold for most investors over the past few years, but the technical framework Marks outlined appeals to traders who believe in market cycles and historical precedent. Whether the pattern holds or breaks will depend on broader crypto market conditions and ADA's ability to sustain momentum once it starts moving.
This analysis is informational and should not be treated as financial advice. Cryptocurrency markets are volatile and highly speculative.
