Cardano Is Back to the Same Levels It Traded at Before ADA 715% Surge in 2021

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.

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 nearly 500%, though its pace of growth has been slower compared with Ethereum.

How High Will Cardano Surge?

Meanwhile, in a separate analysis, crypto analyst Alex Clay also said Cardano is mirroring its 2019–2021 cycle and is now in a “re-accumulation” phase that could precede a breakout. The chart he shared places ADA below its macro mid-zone at $1.00–$1.20, with resistance at the $2–$3 supply zone, a level that capped its rally in the previous cycle. 

In 2020, ADA climbed from under $0.10 to nearly $3, and Clay suggests a similar path could now take the token above $5, representing more than a 450% gain from current prices. The setup follows a three-step playbook: accumulation, re-accumulation, and rally, which the analyst says is “very real” if ADA can clear its mid-zone resistance.

Similarly, Dan Gambardello had earlier predicted ADA to face resistance at $1.03 but expects a rebound could push the price to $1.25 and even $2. In a more bullish prediction, he sees Cardano reaching $10.02 if it breaks the $1.25 bull market door, a 1,079% jump from current levels. However, he sees $7.5 as a more realistic target for this cycle, expected within 3–6 months after Bitcoin peaks, citing Zero AI’s analysis.

Broader Market Trend

Aside from Cardano, the analyst also discussed the broader crypto market in his latest analysis. Gambardello pointed to familiar market dynamics last seen in 2021. He noted that Ethereum’s current brief pullback resembles patterns that often precede wider rallies but stressed that the bigger signal lies in Bitcoin dominance.

With the metric nearing a close below its 20-month moving average, a setup that last triggered a strong altcoin rally, Gambardello suggested that Cardano could be among the key beneficiaries if history repeats.