Cardano has gained 267% since 2022 and now trades above key averages, signaling strong momentum for a fresh bullish cycle.
ADA mirrors past bull patterns with a completed Elliott Wave correction and a 383% upside potential toward its $3.10 all-time high.
Breaking resistance at $0.90 and rising volume support ADA’s trend reversal as crypto market sentiment continues to strengthen.
According to Javon Marks' analysis, Cardano (ADA) surged from $0.30 to $1.10, a 267% gain from its 2022 lows. ADA is now showing technical indicators that suggest the beginning of a new bullish cycle. Moreover, historical chart patterns hint at a full breakout toward its previous all-time high at $3.10. If momentum holds, this could bring over 383% upside from current price levels.
Historical Cycles Show Strong Recovery Potential
Looking back, ADA has followed a highly cyclical pattern since its 2017 debut. During the 2017–2018 bull market, it spiked to $1.30 before crashing to $0.03 in 2019. This 97% correction set the stage for a powerful recovery. From 2020 to 2021, ADA surged nearly 3,000%, peaking around $3.10.
Source: Javon Marks
However, this bullish wave was followed by another deep pullback. Between late 2021 and 2022, ADA dropped over 92%, hitting lows around $0.24. The coin had a consolidation phase between $0.24 and $0.70 for nearly a year. Besides, ADA's price action is still tightly linked to crypto market cycles. Major movements often coincide with Bitcoin rallies and sector-wide shifts in investor sentiment.
Technical Indicators Suggest Bull Run Just Starting
Currently, ADA is trading above key moving averages. This often signals underlying momentum and trend continuation. Additionally, recent price action broke past long-standing resistance zones near $0.90. That breakout has supported bullish sentiment among traders.
The chart also reveals a completed Elliott Wave correction pattern. This wave structure suggests the end of a multi-year downtrend. Hence, analysts believe ADA has entered the early stages of a new impulse move. Volume activity is also rising, and spikes occur during the early stages of a breakout. Moreover, technical indicators are flashing buy signals across daily and weekly timeframes.
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