The post Cardano Price Structure Mirrors Previous Cycle As Key Technical Levels Hold appeared on BitcoinEthereumNews.com.

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. Source: CoinMarketCap 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…

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Filed under: News - @ August 10, 2025 7:27 pm