Cardano Analyst Predicts 121% Rally Based on Repeating Market Structure Pattern

• Analyst identifies bearish Cardano order block target at $0.61-$0.76 range.
• Network activity shows 11.99% increase in daily active addresses over seven days.
• Price targets extend to $1.33 level representing 121.67% gain from current levels.

TradingView analyst Arman Shaban has identified a repeating formation pattern that could trigger another Cardano bull run similar to December 2024’s surge. The analysis utilizes Smart Money Concepts to map potential price movements based on historical order block interactions.

Cardano has traded within a $0.54 to $0.60 range over the past week, with a swing low occurring on July 1 before rebounding to $0.6045. The 8.89% daily gain and 6.23% weekly increase have attracted technical analysts seeking to identify the next major move.

Shaban’s 3-day chart analysis reveals a complete market structure cycle featuring both historical and current order blocks. The bearish order block formed after ADA’s March 4, 2024 surge to $0.79, establishing resistance between $0.58 and $0.62 levels.

Historical patterns suggest upward trajectory

The bearish order block previously drove ADA down to $0.27 by August 4, 2024, creating a demand zone that later served as a launchpad. From November 2024’s low of $0.32, ADA surged past the bearish order block to reach nearly $1.32 by December 2, 2024.

Current price action shows ADA sweeping liquidity below $0.51 before targeting the existing bearish order block. Shaban suggests this setup could catalyze another bullish wave similar to the December 2024 performance.

Short-term targets include $0.61 and $0.76, with longer-term objectives at $0.93, $1.05, and $1.33. The ultimate target of $1.33 matches the level where the bearish order block originally formed, completing the technical cycle.

On-chain metrics support the bullish technical outlook through increased network activity. Daily Active Addresses have risen 11.99% over the past seven days, indicating growing user engagement and demand for Cardano network services.

New address creation has increased 4.79%, signaling fresh adoption among previously uninvolved users. Zero-balance addresses have grown 12.26%, suggesting that dormant holders are re-engaging with the network after periods of inactivity.

The combination of technical analysis and on-chain metrics creates a multi-faceted bullish case for Cardano’s price trajectory. Network utility growth typically correlates with sustained price appreciation rather than temporary speculative moves.

Shaban’s analysis relies on Smart Money Concepts methodology, which tracks institutional order flow and liquidity patterns. This approach attempts to identify where large market participants place orders and manage positions.

The bearish order block concept suggests that previous selling pressure at specific price levels can transform into buying opportunities once market sentiment shifts. ADA’s current approach to these levels tests whether this theory applies to Cardano’s market structure.

Risk factors include broader cryptocurrency market volatility and potential failure to break through established resistance levels. The analysis assumes that historical patterns will repeat, which may not occur due to changing market conditions.