Cardano's (ADA) latest price action is reminiscent of its previous market cycles. Analysis shows that the current chart structure mirrors movements seen before a sharp rally in the past.
Comparison with Previous Cycles
Analysts note that Cardano's current movement on the chart is similar to the structure observed before the previous explosive rally in the last bull market. The key difference this time is the slower pace, which may indicate a more sustained move once momentum kicks in.
Why Slower Pace Could Mean Stronger Rally
A slower unfolding pattern in the Cardano price chart could actually be bullish. Gradual accumulation phases often allow markets to build stronger support levels, reducing the risk of quick reversals. This kind of setup can attract both retail and institutional investors looking for more stability before entering a trade.
What to Watch in the Coming Weeks
For now, ADA remains in the early stages of this pattern. Traders will be watching for key breakout points, particularly around historical resistance zones. A decisive move above those levels could confirm that Cardano’s next leg higher is underway.
While history may not repeat itself completely, the current price action suggests that bullish positions are starting to form in the Cardano market.
