Cardano Repeats 2021 Bullish Pattern – Is a Breakout Past Key Resistance Imminent?
Cardano’s price action is flashing a familiar signal—one that last appeared before its 2021 parabolic rally. Analysts are eyeing a critical resistance level that could make or break ADA’s next leg up.
### Déjà Vu or Delusion?
The charts don’t lie—until they do. ADA’s current setup eerily mirrors its pre-bull-run structure from four years ago, complete with coiled volatility and whisper-thin order books. Traders are either about to get rich or rekt.
### The Line in the Sand
All eyes are glued to that stubborn resistance zone. A clean breakout could send ADA screaming toward blue skies, while rejection here might trigger yet another ‘buy the dip’ chorus from bagholders. The market’s memory is short—but institutional wallets have elephant-like recall.
### The Cynic’s Corner
Meanwhile, traditional finance bros are still arguing about whether crypto is ‘real.’ Spoiler: The $2T sector doesn’t care about their approval. Tick tock, next block.
Ali Martinez predicts next ADA moveAli Martinez predicts the next ADA move
Notably, Ali Martinez had previously outlined possible Cardano targets of $3.09, $4.19, and up to $6.25, should the current setup mirror a past cycle. He drew parallels between ADA’s present price behaviour and its 2020–2021 rally, highlighting similar structures unfolding at a more gradual rate.
On the downside, the 0.382 retracement level at $0.629 serves as the nearest support. A failure to hold this level could trigger a deeper decline toward the cycle low of $0.23488, representing a drop of more than 70% from current prices.
Extension Targets and Historical Context
The chart also plots Fibonacci extension targets, with the 1.272 extension at $6.253 marking a long-term bullish projection. However, such levels are based on mathematical ratios rather than confirmed market conditions.
From its September 2021 high, ADA fell by over 92% before bottoming at $0.23488. Since then, the cryptocurrency has gained more than 240%, highlighting the volatility that has characterized its previous cycles.
Other Analysts Predict Next Cardano Move
Meanwhile, a chart from Cardano trader Mr Brownstone indicates that ADA is showing signs of a potential breakout, with the analyst predicting rapid price expansion.
He based his outlook on the current Elliott Wave structure, which suggests the corrective phase has ended and an impulsive rally could be underway, possibly targeting the $1.60–$2.20 range.
