thecryptobasic.com
Barely a few months after the crypto market peaked, Cardano has already reached the lows seen during the previous bear market.
Notably, Bitcoin topped in October after an $ATH of $126,200, but Cardano peaked a few months earlier. $ADA reached a lower high of $1.019 in August, which was its highest price of 2025, a year historically marked by bullish expansion in previous cycles.
Since then, Cardano has been on a downtrend, joining a broader market move. The downward movement now places it 74% below the yearly high and close to the previous cycle’s bear market low.
Key Points
- Barely a few months after the crypto market peaked, Cardano has already reached the lows seen during the previous bear market.
- On February 6, $ADA dropped to a low of $0.2205 as prices continued to trend southwards.
- The last time the coin dropped to this price level was in June 2023, when it reached $0.2200, aligning with the 2022/2023 bear market bottom.
- Another concerning trend is that Cardano visited this previous cycle low without making a new all-time high.
- In the meantime, $ADA stands at a critical price support level, and if the bear market unfolds as seen previously, prices could drop further to new record lows.
Cardano Hits Multi-Year Lows
On February 6, $ADA dropped to a low of $0.2205 as prices continued to trend southwards. Meanwhile, this low was notable, as it was the coin’s lowest price in several years.
The last time the coin dropped to this price level was in June 2023, when it reached $0.2200. Interestingly, this marked its bear market bottom, as $ADA consolidated slightly before starting a recovery phase that pushed it to $1.326 over a year later.
What is interesting about the recent drop to bear-market lows is how fast it happened. From the August 2025 high, $ADA dropped to this level in five months, 17 months earlier than the previous cycle. For context, from the August 2021 peak, it took Cardano 22 months to correct to the June 2023 low, following an elongated correction.
However, some might argue it took longer. While Bitcoin peaked in October and other major assets reached new ATHs and multi-year highs a few months earlier or later, Cardano’s highest price this cycle was 15 months ago, at $1.326 in December 2024.
No New All-Time High Before Dump
Another concerning trend is that Cardano visited this previous cycle low without making a new all-time high. Surprisingly, it didn’t even come close to its 2021 peak price, unlike some other major altcoins. At its peak of $1.326 this cycle, it was roughly 134% away from its $ATH of $3.10.
Notably, it is not alone in this plight, as most other altcoins also didn’t make new ATHs this cycle. Aside from Ethereum, BNB, and contentiously XRP, other top altcoins struggled to rise explosively as seen in the past cycle. This comes as the “altcoin season” did not materialize, with capital not largely rotating to smaller coins as previously seen.
In the meantime, $ADA stands at a critical price support level, with concerns that if the bear market unfolds as seen previously, it could drop further to new record lows. However, analysts argue that as the market did not experience the heavy rallies seen in previous cycles, it may not correct as much as before.