- ADA dropped nearly 93 percent from its all-time high of $3.10.
- $0.18–$0.13 is viewed as a high timeframe accumulation range.
- Breakout above $0.4374 may confirm trend shift toward long-term upside targets.
Cardano (ADA) is trading near a key long-term support zone after a major 93% drawdown from its all-time high. With price action entering the $0.18–$0.13 area, analysts consider this a crucial range where ADA may begin a new cycle—if the level holds.
ADA Revisits Key Multi-Year Support After Prolonged Correction
Cardano (ADA) has re-entered a crucial support range after a prolonged 92.89% correction from its 2021 high of $3.10. According to data shared by Crypto Patel, the asset is now trading within a long-term demand zone between $0.18 and $0.13. This zone is considered critical for accumulation and potential future expansion.
Historical performance shows that ADA previously gained over 3,400% following a similar breakout from a multi-year base in 2020. Analysts now view the $0.13 support level as a defining threshold. A weekly close below that level would invalidate the bullish setup and shift the structure toward further downside. The strict stop loss for high-risk traders is set near $0.0755.
The area between $0.13 and $0.18 is marked as a high time frame bullish order block. Patel described this zone as both a liquidity absorption range and a potential cycle bottom. ADA is currently priced around $0.2465, down more than 27% in recent sessions.
Bullish Continuation Relies on Key Reclaim and Support Holding
While ADA trades below many resistance levels, analysts identify $0.4374 as a trend confirmation zone. If Cardano reclaims that area, it may open the path to higher targets, including $1.20, $3.00, and $5.00 in future cycles.
According to Crypto Patel’s chart, potential long-term expansion levels include $5.81 and $15.59. However, all bullish projections rely on ADA closing above $0.13 on a weekly timeframe. If it does, price structure could resume its macro uptrend after a near five-year correction phase.
The next few weeks are expected to be decisive for ADA. As the chart shows, this support area could be the final accumulation opportunity before the market transitions into a new upward phase.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
