Cardano Revisits Historic 0.35 Support as Traders Eye Repeat of Previous 3,400% Rally

Cardano (ADA) has found itself trading near a critical juncture that mirrors a pivotal moment from its past—the 0.35 support level that preceded a stunning 3,402 percent advance. With the token currently priced at $0.40, market participants are studying whether the current setup contains the ingredients for another explosive move or signals a different outcome ahead.

The Setup: A Wedge Pattern With Historic Precedent

ADA’s price action unfolds within a prominent wedge structure that has shaped Cardano’s trajectory across multiple years. The formation begins from support established during the 2020 period and extends upward toward compression that now tightens near the current retest zone.

What captures traders’ attention is the precision of this retest. The same 0.35 level that served as a launching pad before the 3,402 percent rally now appears again on the weekly chart. Below that level sits the wedge’s lower boundary, which acts as the invalidation point—a threshold that, if broken decisively, would suggest the bullish thesis has failed.

The chart geometry reveals three distinct resistance tiers above the current support:

• First resistance near 0.80 (marked from earlier pullbacks)
• Secondary resistance clustering around 1.22
• Upper resistance extending toward 2.94

These levels maintain structural alignment with the spacing observed during the prior advance, prompting technical analysts to compare the two cycles with renewed interest.

Historical Echo: When Compression Preceded Expansion

The 2021 cycle offers a reference point that fascinates market observers. When ADA previously broke above its compression zone at the 0.35 mark, the subsequent rally captured more than 3,400 percent in gains. That explosive move began once buyers defended the breakout level, signaling a shift in market control from sellers to accumulation.

The present configuration shows several matching characteristics. A bullish order block has emerged near the lower boundary of the current wedge—the exact area where buyers historically demonstrated strength during accumulation phases. This order block represents a zone where institutional or large-scale buyers previously absorbed selling pressure and reversed price action.

The chart also displays symmetry through measurement boxes. The largest expansion box projects potential targets above 5.40 if the pattern repeats with similar proportions to the 2021 cycle. This measurement aligns with the height of the earlier impulse move, suggesting measurable correspondence between the two formations.

Price Action at the Crossroads

ADA currently trades near the support zone, with compression intensifying as price approaches the wedge’s apex. This narrowing creates mechanical pressure—the more price compresses, the more violent the eventual breakout tends to be, though direction remains uncertain.

The order block near 0.35 has become the tactical focal point. If price maintains support here and consolidates above it, the bullish case gathers credibility. Conversely, if selling overwhelms this zone and closes below 0.35 definitively, the bearish interpretation gains weight.

Traders monitor this inflection with particular intensity because the risk-reward profile presents asymmetry. A invalidation would unfold over a smaller range, while a successful breakout could extend across a much larger distance—classic conditions that attract technical traders to tight-stop, extended-target setups.

What Traders Watch Next

The near-term narrative hinges on whether ADA holds the order block and tests the first resistance target near 0.80. A clean break above that level would set up the secondary targets near 1.22 and 2.94 in logical succession.

Should the pattern replicate even partially, the setup carries the potential that captivated traders during 2021. However, past performance offers no guarantee, and the broader market environment differs considerably. Risk management remains essential—placing stops below the invalidation level while positioning for the possibility of a retest-driven rally.

The convergence of historical pattern alignment, order block support, and technical structure creates a scenario that draws sustained attention as ADA consolidates near this pivotal zone.