Cardano Price Structure Mirrors Previous Cycle as Key Technical Levels Hold

• 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.

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.