Cardano (ADA) May Enter New Bullish Cycle With 383% Upside

Cardano (ADA) is showing signs of entering a new bullish cycle, according to a recent technical analysis by crypto analyst Javon Marks. The price chart of ADA is mirroring a pattern from its 2018–2020 market cycle, which preceded a significant rally past $3.09 in 2021. Marks believes that the current consolidation phase resembles the earlier structure, suggesting a potential strong upward move.

Marks’ analysis highlights a macro-fractal pattern comparing two major consolidation phases. The first phase occurred between 2018 and 2020, during which ADA corrected in three waves and formed a rounded bottom before its explosive rise. The current cycle from 2022 to 2025 appears to follow a similar structure, with ADA completing another three-wave correction and forming a comparable base. This resemblance suggests that ADA could be transitioning from accumulation to expansion, potentially entering the final pullback stages before a major rally begins.

The current support range of around $0.40 to $0.45 is crucial, as it aligns with prior consolidation lows and has held multiple times during ADA’s correction. If this level continues to hold, it could act as a base for an upward move. On the upside, the $1.00 to $1.20 zone is marked as major resistance, representing the neckline of a potential inverse head and shoulders pattern. A clean breakout above this level may confirm the start of a bullish reversal.

Marks projects that once ADA clears critical resistance, price acceleration could follow. The previous cycle saw a similar delay between breakout confirmation and rapid growth. The chart’s projected path suggests ADA could follow a similar trajectory to its 2020–2021 performance, where it surged more than 6,000% from its lows. While Marks’ current projection calls for a more modest gain, the structure still points to a multi-month rally that may carry through late 2025 or early 2026.

With the current price nearly 80% below its all-time high, the setup outlined by Marks gives traders a reason to watch ADA’s next moves. If historical behavior repeats, the crypto could be preparing for a major shift in trend. According to the analyst's forecast, this could result in a more than 383% upside from current levels.