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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.