Cardano Could Rally 572% If This Historical Support Holds, Expert Says

Crypto technical analyst Waleed Ahmed believes Cardano presents a potential opportunity at its current price levels.

In a recent post on X, Ahmed shared a TradingView chart showing Cardano’s weekly price performance and stated that he sees only opportunity in the cryptocurrency. His commentary suggests that he considers $ADA’s position near $0.19 an attractive entry point, particularly given its historical rebounds from this support region.

Cardano’s Historical Reactions to $0.19 Support

Ahmed’s chart highlights several occasions when Cardano rebounded from the $0.19 region before staging substantial rallies. Notably, $ADA recovered from this level in September 2021 and subsequently embarked on a remarkable rally that eventually pushed it to its ATH of $3.10.

The chart also identifies subsequent recoveries from the same support region, including one in the second half of 2026. Following that rebound, $ADA climbed to $0.28 early last month before reversing course and declining toward $0.19.

At press time, Cardano traded at $0.1973, placing it close to the historical support highlighted by Ahmed. Based on this chart, the analyst projects a potential recovery toward $1.3261 if $ADA successfully defends the support level.

From its current price of $0.1973, Cardano would need to rally 572% to reach that target. Interestingly, the last time $ADA traded around this price region was in December 2024, before its post-election rally pushed it above $1.30.

Analysts Offer Mixed Predictions for Cardano’s Recovery

Meanwhile, Ahmed’s bullish outlook comes amid mixed predictions about Cardano’s recovery prospects.

Earlier this week, analyst 360Trader identified similarities between $ADA’s current market structure and its 2021 performance. Based on these similarities, he suggested that the cryptocurrency could replicate its previous rally of approximately 2,000%.

However, 360Trader identified $0.25 as a crucial resistance level that Cardano must reclaim to strengthen this bullish outlook. A sustained recovery above that threshold could eventually open the way toward $1.37.

Conversely, analyst ZenTrades warned that Cardano could experience further losses. After $ADA dropped 21% last month, the analyst projected a potential drop toward $0.15, suggesting that the cryptocurrency’s recent weakness could continue.

Descending Wedge Breakout Could Trigger $ADA Recovery

Meanwhile, analyst GainMuse believes Cardano could be approaching a bullish breakout from a descending wedge pattern. $ADA has consolidated downward within this formation since falling from $0.28 in early October.

However, the cryptocurrency recently rebounded from support at $0.1926 and is now testing the wedge’s upper trendline near $0.20.

According to GainMuse, a breakout above $0.2076 could open the way toward $0.28. Nevertheless, the analyst emphasized that $ADA must confirm the breakout with an eight-hour candle close above the resistance trendline, followed by a successful retest.

Otherwise, Cardano could fall back into the wedge and resume its downward trajectory.