Cardano Eyes a 960% Rally as On-Chain Activity Heats Up, Echoing Its 2020 Breakout

Cardano (ADA) is attracting renewed bullish attention because its current price structure resembles the setup that preceded its explosive rally in 2020. According to Javon Marks’ analysis, ADA continues to extend higher after establishing a significant post-breakout base, drawing comparisons to its previous bullish cycle. As a result, the developing structure resembles the pattern Cardano formed in 2020 before embarking on a powerful rally. The market analyst maintains a price target of $2.90, which he says would represent a gain of more than 960% from the price level referenced in his analysis.