Cardano Repeats Historic Bull Market Structure as Analyst Eyes Over 1,300% Upside to $2.9

Crypto analyst Javon Marks believes Cardano may be following the same market structure that preceded its explosive 2020–2021 bull run.

In a recent analysis, Marks argued that ADA is displaying a strikingly similar sequence of price movements, raising the possibility that the token is preparing for another major rally toward its previous all-time highs.

According to him, Cardano’s next significant move could send the asset to nearly $3, representing a gain of more than 1,300% from its current trading price of around $0.19.

Similarities Between ADA 2018 and 2021 Cycles 

The accompanying chart compares Cardano’s current price action with the market cycle that unfolded between 2018 and 2021.

During the previous cycle, ADA plunged sharply after reaching its 2018 peak of $1.32 before establishing a long-term bottom. It then traded sideways for an extended period, forming a broad accumulation base around $0.02, highlighted by a blue horizontal arrow on the chart. After breaking out of that prolonged consolidation, Cardano entered a powerful bull market that lifted its price to an all-time high of $3.10 in September 2021.

The current cycle appears to be following a similar path. Upon peaking during the 2021 bull market, ADA entered a prolonged correction characterized by a series of lower highs. More recently, the asset has traded within a descending structure, illustrated by a blue downward-sloping trendline.

According to the analysis, Cardano has now reached the lower end of that multi-year trendline, mirroring the point where it completed its previous accumulation phase before launching its historic breakout. 

$2.90 Emerges as the Next Major Target for Cardano

Based on these similarities, Marks believes Cardano could climb through multiple resistance levels before eventually reaching a price target of $2.90. From its current level of $0.1823, that would represent a gain of roughly 1,490%.

The analyst’s projection suggests this move could unfold by early 2028 if ADA continues to mirror its previous market cycle. 

Analyst Maintains Long-Term Bullish Outlook

Cardano has struggled to reclaim its September 2021 all-time high of $3.10 after enduring a prolonged bear market. Nonetheless, several analyses have continued to forecast a long-term recovery, with the $2.90 region emerging as a widely discussed upside target within the Cardano community.

Marks has consistently maintained this bullish outlook. In September 2025, he projected that a falling wedge breakout could initially propel ADA to around $1.20 before eventually driving the cryptocurrency to $2.91. 

A month later, he reiterated his optimism, forecasting a rally toward $2.96 after identifying a confirmed breakout above a long-term descending trendline, accompanied by a developing pattern of higher highs and higher lows.

Now, the analyst has returned with a similar outlook, arguing that Cardano could once again mirror the price action that fueled its historic 2021 rally and eventually climb to $2.90. 

Despite his continuous optimism, it is imperative to note that historical patterns do not guarantee future performance.