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The chart shows the weekly timeframe of Cardano (ADA/USD), highlighting key market cycles, accumulation phases, and potential price targets. It reveals historical price patterns, which appear to be repeating in the current cycle.

Key takeaways from the chart:

Accumulation zones – periods when ADA traded sideways before major breakouts.
Retests of previous all-time highs (ATHs) – Cardano has historically retested its ATH before major rallies.
Current price action – ADA has recently broken out of the accumulation range, signaling a potential new bull run.

Historical Context and Cardano Cycles

1. First Accumulation Phase (2018–2020)

ADA suffered a massive drop of 97.95% from its 2018 peak.
After almost 800 days of consolidation, Cardano broke out and surged 1,565%.
This phase suggests that Cardano required a long accumulation period before entering a strong uptrend.

2. Bull Market Cycle (2020–2021)

After breaking out from the upper accumulation range, ADA experienced an explosive rally.
Cardano reached its ATH (~$3.10) before entering another prolonged correction.

3. Current Accumulation Phase (2022–2024)

ADA dropped 84% from its last ATH, mimicking the previous bear cycle.
After nearly 931 days of consolidation, Cardano has broken out again, resembling the pre-bull-run scenario of 2020.

Technical Analysis – What to Expect?

Breakout from the Upper Accumulation Zone

The $0.72 – $0.78 resistance has now turned into support.
Similar to 2020, this breakout could lead to significant price appreciation.

Possible Retest of the Previous ATH

If Cardano follows its historical pattern, it could retest $3.00+ within the next 3–6 months.
Why is this likely?
- Market cycles tend to repeat.
- Institutional interest and adoption of Cardano are growing.
- Past price action indicates similar accumulation-to-breakout moves.

Key Price Levels to Watch

Support Levels:

$0.72 – $0.78 → Confirmed breakout support.
$0.35 – $0.40 → If Cardano fails, this would be the next accumulation range.

Resistance Levels:

$1.31 → The first major resistance level.
$2.50 – $3.00 → The range where ADA last formed its ATH.

ADA Price Prediction & Trading Strategy

🔹 Bullish Scenario:

If ADA holds support at $0.72+, it could rally to $1.30+ within a few weeks.
Long-term target: If the historical cycle repeats, ADA could reach $3.00 – $3.50 within 6–12 months.

🔹 Bearish Scenario:

If ADA falls below $0.72, a retest of the $0.40 range is possible.
Only a drop below $0.35 would invalidate the bullish structure.

Conclusion – Is ADA on Track for a New ATH?

Cardano is currently mirroring its 2020 price action, where it spent a long time in accumulation before an explosive move.

Key Factors Supporting a Bullish Move:

✅ The historical market cycle is repeating.
✅ Breaking the main resistance zone ($0.72) is a bullish confirmation.
✅ Technical structure suggests a return to ATH levels.

Prediction: If Cardano follows its previous cycle, ADA could reach $3.00+ in 2025.

Author
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Roman B.

I have 6 years of writing experience on several leading websites dealing with cryptocurrencies and other investments. I have been in the Web3 sector for a similar amount of time and have collaborated on several projects from NFT to P2E. My previous experiences: Business2Community.com, TradingPlatforms.com, CryptoSvet.