Cardano’s Price Action Echoes Historic Rally—Key Levels Defended Like Fort Knox

Cardano’s chart is pulling a déjà vu—mirroring its last bull run with surgical precision. Traders are glued to those make-or-break support levels like Wall Street to bailouts.

### The Ghost of Cycles Past

ADA’s current structure isn’t just similar to its 2021 trajectory—it’s a carbon copy. The same Fibonacci retracements that sparked its 300% surge last time? Now acting as springboards again.

### Institutional-Grade Floor

Key technical zones have absorbed selling pressure like a crypto exchange absorbs fees. The $0.45 level—formerly resistance—now shrugs off dips like a bored bouncer.

### The Cynic’s Corner

Sure, history rhymes… until it doesn’t. Remember when analysts swore Terra’s algorithmic magic made it ‘too big to fail’? Good times.

• ADA mirrors 2019–2021 cycle, eyeing $5.80–$6.00 if bullish pattern holds.
• Price stability above $0.80–$0.82 seen as critical for sustaining upward momentum.
• RSI and MACD readings indicate building bullish strength without overbought signals.

Cardano (ADA) is showing a market pattern that resembles its performance during the 2019–2021 cycle, though progressing at a slower pace. Current price action places the asset in a similar phase to the early breakout stage of its previous bull run, supported by Fibonacci retracement and extension levels.

Cardano $ADA is mirroring the price structure of its last cycle, but unfolding more slowly. It looks like we’re at the very start of an explosive move. pic.twitter.com/eCtAkNRPyi

Analysis of ADA’s weekly chart shows a parallel between the 2023–2025 trend and the earlier cycle. In the previous phase, the token moved above the 0.618 Fibonacci retracement level, leading to a lengthy rally that peaked at $3.10 in 2021.

However, resistance levels are identified at $1.56, $2.10, and $3.10, aligning with prior highs and Fibonacci projections. If the historical structure repeats, technical figures point toward a possible MOVE to the 1.618 Fibonacci extension, estimated between $5.80 and $6.00 by 2026. Analysts note that maintaining price action above the $0.80–$0.82 zone could be key to maintaining bullish momentum.

Current Market Conditions

As of press time, ADA was trading at $0.798, showing a 2.18% decline in the past 24 hours. The intraday range has shifted between $0.78 and $0.83, with an early rally bringing prices above $0.82 before retreating.

Cardano’s market capitalization stands at $28.19 billion, ranking it as the tenth-largest cryptocurrency. The 24-hour trading volume has reached $1.19 billion, marking a 17.72% increase from the prior day. The volume-to-market cap ratio is 4.23%, showing low liquidity relative to its valuation.

RSI and MACD Signal Building Momentum

The technical indicators in the daily chart portray a Relative Strength Index (RSI) of 57.10, which is above the neutral midpoint of 50. This FORM indicates powerful purchasing energy, though it does not approach overbought regions, which start above 70. The upward trend of lows at 40 indicated by the RSI indicates further accumulation.

Moreover, the Moving Average Convergence Divergence (MACD) indicator shows the MACD line at 0.012, above the signal line at 0.013, with the histogram NEAR -0.001. This near-crossover points to developing bullish momentum.