- Cardano holds multi-year channel support, signaling a potential bullish reversal.
- Fibonacci extensions project conservative $5 targets and a primary $10 upside.
- Price structure mirrors the 2020 fractal that preceded a major rally.
Cardano’s price action has reached a defining moment. After months of consolidation, ADA trades near a level that shaped past market cycles. Analyst Quantum Ascend believes this zone deserves close attention. His recent chart highlights a familiar structure. Market sentiment remains cautious. Price behavior, however, signals potential strength. Historical patterns suggest Cardano could approach another major expansion phase during the current altseason window.
Cardano Holds Multi-Year Support as a New Wave Forms
Quantum Ascend analyzed Cardano using a long-term price channel. This channel has guided ADA movements since launch. Price has respected both trendlines across multiple cycles. Each major rally and correction followed this structure closely. The channel’s first peak appeared in January 2018 near $1.317. That level aligned with the upper boundary. A prolonged bear market followed and pushed ADA toward $0.018 during March 2020. That low formed precisely along channel support.
Cardano later rallied strongly during the next cycle. Price reached $3.10 during the 2021 bull market. That move completed another wave within the same macro framework. According to Quantum Ascend, ADA now trades inside a fresh corrective phase. Current price action remains above the lower support trendline. Buyers continue defending this zone with consistency. Previous cycles show strong reversals from similar conditions. The analyst expects bullish momentum to rebuild from this area.
Fibonacci Targets Highlight $5 and $10 Price Zones
Quantum Ascend applied Fibonacci extensions to earlier drawdowns. These calculations revealed several compelling targets. The extension from the 2018 peak to the 2020 bottom pointed toward $5.56. That level marked the 4.23 Fibonacci extension. A second calculation examined the decline from the 2021 high. That projection delivered a target near $12.40. A third study used the December 2024 high around $1.32. That extension produced a target near $4.46.
Based on overlapping levels, Quantum Ascend set a conservative range between $4.88 and $5.50. His primary objective stands near $10.40. That target represents a fresh all-time high for Cardano. The analyst argues such gains remain realistic. Cardano surged over 16,000 percent between 2020 and 2021. Another rally delivered more than 7,000 percent from 2018 lows. A 2,500 percent move appears reasonable by comparison.
Quantum Ascend also notes a repeating fractal from 2020. During the prior correction, ADA touched the 0.50 Fibonacci level. Price later dipped lower before launching upward aggressively. A similar structure has formed again. The August high near $1.02 aligned with the same Fibonacci midpoint. This repetition strengthens the bullish thesis. If momentum follows historical behavior, Cardano may soon enter another explosive phase.

