Since early June, Cardano has been trading in a narrow range, facing strong resistance around US$0.59 and finding consistent support near US$0.55.

However, a historical pattern similar to previous ADA market cycles is beginning to form, indicating that this altcoin may be in the final stage of correction before experiencing a bullish reversal.

ADA Enters Final Accumulation Phase

In a post on X on July 7, crypto analyst Javon Marks noted that ADA's price movement now reflects the structure of its last major accumulation phase, which preceded its explosive rally in 2021.

In the price chart added by Marks to the post, he drew parallels between past and present ADA market cycles and found that between 2018 and 2020, this coin underwent a three-wave correction and formed a curved bottom, which ultimately led to an explosive breakout past US$3.09 in 2021.

Cardano Fractal Pattern.

Since 2022, a similar structure has gradually formed, with ADA once again completing a multi-wave correction and establishing a price base. This repetition suggests that this coin may be preparing for another major rally if this pattern holds.

Fractal patterns like this are often observed in long-term market cycles, where investor behavior and market psychology repeat in certain phases. If ADA continues to reflect its historical structure, a breakout from the current accumulation zone could pave the way for a bullish phase, driving prices towards previous highs and beyond.

According to Marks, if this pattern holds, “it could result in an increase of over 383% from here#ADA #AltcoinETFsWatch