The post Cardano Is Back to the Same Levels It Traded at Before ADA 715% Surge in 2021 appeared on BitcoinEthereumNews.com.

Prominent analyst Dan Gambardello says Cardano is showing price action similar to the 2021 cycle, even as Ethereum reaches new records. The analyst, in a video shared on X, compared Cardano’s current distance from its record high to the levels seen when Ethereum first broke its all-time high in 2021. At that time, Ethereum started seeing new all-time highs in January 2021 while Cardano traded for around $0.38, which was 240% below previous all-time high of $1.398 from 2018. Interestingly, after this, ADA spiked 751% to the new all-time high of $3.1 by September 2021. – Advertisement – Now, in the current cycle, Ethereum has again started breaking its previous all-time high, recently reaching $4,946, and Cardano trades 249% below its previous high of $3.10 attained in 2021. Gambardello said the resemblance pinpoints ADA’s lag is not unusual and may set the stage for a future rally. Specifically,  Technical Outlook for Cardano From a technical standpoint, Gambardello said Cardano is forming an inverse head-and-shoulders pattern, often viewed as a bullish setup. A breakout above the neckline near $1.20 could send ADA toward $2.00, with potential to retest its all-time high if momentum continues. Cardanos market structure Notably, Cardano is trading at $0.8831, a 2.5% drop in the past day. With a 3.9% decline over the last week, Cardano’s monthly gain has been cut short to 7.1%. Beyond that, the Cardano permabull also noted that ADA is moving within a broadening wedge, characterized by higher highs and higher lows. He said this setup supports the potential for accelerated gains if Cardano clears resistance. A successful breakout could bring it closer to retesting its all-time high. Despite this recent drop, the analyst also noted that Cardano has already gained more than 300% from its bear market lows and at one point surged…

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Filed under: News - @ August 25, 2025 3:33 pm