{"id":39915,"date":"2026-04-03T02:00:11","date_gmt":"2026-04-03T02:00:11","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=39915"},"modified":"2026-04-03T02:00:11","modified_gmt":"2026-04-03T02:00:11","slug":"buying-cardano-now-is-like-buying-bitcoin-before-it-blew-up-analyst-says","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=39915","title":{"rendered":"Buying Cardano Now Is Like Buying Bitcoin Before It Blew Up, Analyst Says"},"content":{"rendered":"

A prominent crypto analyst is pointing to similarities between Cardano\u2019s current market position and Bitcoin\u2019s early years. Some see a struggling altcoin<\/a> still far from its glory days, while others believe the current setup<\/a> looks like the early stages of major breakouts seen in previous cycles.\u00a0<\/p>\n

A crypto analyst known as Crypto Patel on the social media platform X is leaning heavily toward the latter, and according to him, a $10+ ADA price is only a matter of time.<\/a><\/p>\n

Analyst Constructs ADA Comparison To Bitcoin<\/h2>\n

Crypto analyst Crypto Patel has compared the<\/a> current Cardano setup to Bitcoin\u2019s early days, arguing that the opportunity being presented now is one the industry has seen before.<\/p>\n

Posting on X, analyst Crypto Patel pointed to ADA\u2019s recent commodity classification by US regulators and its position nearly 91% below its all-time high as evidence that crypto investors are mispricing a cryptocurrency that already cleared its most significant legal and price structure breakdown.\u00a0<\/p>\n

\"Cardano\"<\/p>\n

Cardano is currently trading around<\/a> $0.24, a level that, on a bi-weekly chart spanning back to 2019, is right above a macro bullish order block identified by CryptoPatel. The macro bullish order block is a demand zone between $0.13 and $0.18 that has historically attracted significant buying interest.<\/p>\n

The asset is down roughly 92% from its all-time high of $3.09, a figure that reads as catastrophic in isolation but which CryptoPatel frames as an opportunity. The situation resembles a period when Bitcoin traded at depressed levels while facing skepticism among investors in its early days. Interestingly, Cardano is in a much better position because it just got classified as<\/a> a commodity. \u201cThat\u2019s like buying Bitcoin when everyone called it a scam,\u201d he wrote, \u201cexcept this time the government already said it\u2019s legit.\u201d<\/p>\n

What The Chart Is Actually Saying<\/h2>\n

The technical structure of CryptoPatel\u2019s thesis is more layered than a single bullish callout. Technical analysis of the 2-week ADA\/USDT chart on Binance shows the complete macro cycle and how the ADA price may be bottoming.<\/p>\n

From its 2020 lows, the ADA price rallied 3,402% into the 2021 peak before entering a prolonged price correction. This prolonged correction led to the formation of a large descending triangle between 2022 and 2025, with a descending resistance trendline suppressing every recovery attempt. This led to a triangular price structure of lower highs and higher lows.\u00a0<\/p>\n

When the price eventually broke down through the triangle\u2019s lower support in 2025, that support flipped to resistance. The resistance level is between $0.45 and $0.50, and that range will need to be reclaimed for any meaningful recovery to take hold.<\/p>\n

CryptoPatel\u2019s projected recovery path is staged: a reclaim of Resistance 1 at $1.20, followed by Resistance 2 at $2.95, before a full bull market extension toward $5.82 and ultimately $15.60. This final target represents a gain of about 12,471% from the cycle bottom.\u00a0\u201c$10+ ADA is not a question,\u201d the analyst wrote. \u201cIt\u2019s just a matter of time.\u201d<\/p>\n

\"Cardano\"<\/p>","protected":false},"excerpt":{"rendered":"

A prominent crypto analyst is pointing to similarities between Cardano\u2019s current market position and Bitcoin\u2019s early years. Some see a struggling altcoin still far from its glory days, while others believe the current setup looks like the early stages of major breakouts seen in previous cycles.\u00a0 A crypto analyst known as Crypto Patel on the […]<\/p>\n","protected":false},"author":1,"featured_media":39916,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[46,45],"tags":[],"class_list":{"0":"post-39915","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoin","8":"category-bitcoin"},"yoast_head":"\nBuying Cardano Now Is Like Buying Bitcoin Before It Blew Up, Analyst Says - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=39915\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buying Cardano Now Is Like Buying Bitcoin Before It Blew Up, Analyst Says - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A prominent crypto analyst is pointing to similarities between Cardano\u2019s current market position and Bitcoin\u2019s early years. 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