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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong
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Breaking News: Raydium DEX's AMM Program Exploited For $1.34 Million — Here's What Went Wrong

Cardano Could Rocket 1,000% From Extended Accumulation Area, Analyst Says

Christian Encila
Christian Encila
Last Updated: March 20, 2026 3:00 am
3 mins read
Cardano

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Cardano may be sitting on one of the most significant buying opportunities in its history — with analysts projecting a potential 1,000% rally if a multi-year support zone continues to hold.

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At roughly $0.27 at the time of writing, ADA has stayed above a demand floor that twice before marked a cycle bottom and launched sharp recoveries, fueling fresh optimism that a similar move could be building.

Market analyst Crypto Patel, citing a two-week chart, says the coin is compressing between a price floor of $0.18 to $0.25 and a descending resistance line in place since the 2021 all-time high. That kind of squeeze often precedes a sharper move in either direction — and bulls are betting on up.

The support band has attracted buyers more than once. Reports indicate the zone held during a steep decline in June 2023, when ADA hit $0.22, and buying pressure there helped push the coin to $1.32 by December 2024.

Before that, a similar setup played out in 2021, when ADA consolidated just above that level before climbing to a peak of $3.10.

$ADA Is Sitting on a Multi-Year Accumulation Zone That Could Send It 1,000%+ Higher….

Accumulation Zone: $0.25-$0.18
Targets: $1 ⮕ $3 ⮕ $10

NFA & ALWAYS DYOR@Cardano pic.twitter.com/pWG91sgtG6

— Crypto Patel (@CryptoPatel) March 18, 2026

The Numbers Behind The Targets

If history repeats, the path higher looks like this: a break above the descending resistance line puts $1 in view first — roughly 270% above current prices. From there, $3 becomes the next target, a gain of around 1,011% that aligns closely with the 2021 cycle peak. Under the most optimistic scenario, Crypto Patel puts $5 on the table — a rise of about 1,750%.

Those numbers are staggered and conditional. Each target only comes into play after the previous one is cleared. None of them are triggered by the support zone alone — the descending resistance line, which has capped every recovery attempt since 2021, must also give way.

ADAUSD now trading at $0.26. Chart: TradingView

ADA dropped to $0.2205 in February before buyers stepped back in. Since then, the coin has held mostly flat but has not broken below the support floor. According to the analyst, that matters. A sustained hold keeps the broader structure intact. A drop below $0.18 dismantles it.

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A Long Wait For A Breakout

The current price action has been sideways for months. ADA is neither breaking out nor collapsing — just grinding within a narrow range while the two converging lines press closer together.

Reports note that extended consolidation of this kind often precedes a larger directional move, though the chart alone cannot determine which way that move goes.

The analyst’s projections are rooted in technical chart reading and historical cycle comparisons. No fundamental catalysts — new technology, partnerships, or adoption milestones — were cited as drivers in the analysis.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

Christian Encila is a journalist, editor, crypto analyst, and virtual assistant focused on storytelling, financial markets, and digital media. He blends strong writing skills with in-depth analysis, turning complex information into clear, accessible insights.

Read more

His writing began in college as a feature writer for his school publication, building research and storytelling skills. He later worked as an editor at a data engineering firm, gaining recognition for writing and discipline.

He expanded internationally in Canada and South Korea, then returned to the Philippines for a decade in a major newsroom. There he became a senior news writer and editor, simplifying complex topics for broad audiences.

He later moved into cryptocurrency journalism as a crypto analyst and market expert at NewsBTC, covering trends and blockchain developments. Alongside writing, he works as a Virtual Assistant supporting editorial operations, workflows, and coordination tasks.

Outside work, he enjoys motorbikes, riding a Yamaha R3, preferring relaxed coastal rides. He spends time with two cats and a dog, and unwinds with coffee, Filipino food, and occasional rum while watching comedy films.

His career blends journalism, analysis, and support roles, reflecting adaptability across media, markets, and digital content production in modern newsroom environments and remote work settings globally.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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