Cardano poised for potential 17,414% rally in 2020–2021 with pattern setup
March 12, 2026
Cardano is possibly approaching a pivotal moment, as per crypto analyst Dan Gambardello, who compares current macro liquidity cycles and technical indicators to conditions that preceded Cardano’s remarkable 2020-2021 surge.
The analyst points out that Cardano saw astounding growth during the last bull market, skyrocketing over 17,000%. Gambardello suggests that significant altcoins like Ethereum, $ADA, and Sui might be gearing up for a potential surge if the overall market cycle strengthens.
Presently, Cardano is trading around $0.26, with $0.288 acting as the next resistance level, while $0.24-$0.25 is immediate support, based on the insights provided by TradingView analysis.
Gambardello’s analysis, shared on social platforms, highlights the impact of liquidity cycles associated with quantitative tightening (QT) and broader macroeconomic indicators on Cardano’s long-term market structure. The observed patterns suggest that periods of liquidity contraction followed by expansion typically coincide with major surges in Cardano’s value.
During the recent cycle, Cardano experienced a monumental rally of approximately 17,414% from its pandemic-induced lows to its peak in 2021. This significant move occurred after global liquidity started expanding following periods of tightening, echoing the pattern seen in the current scenario.
Gambardello indicates that a similar setup to that of the previous bull cycle might be in the works. The monthly relative strength index (RSI) has fully reset, signaling the dissipation of speculative excess observed during the prior bullish cycle. Additionally, Gambardello notes that the business cycle appears to be on the rise again, a trend that historically favors risk assets like cryptocurrencies. He also mentions that Ethereum and Sui, among other leading altcoins, seem primed for a potential breakout given favorable macro conditions.
Despite the optimistic outlook, Gambardello maintains a cautious stance, emphasizing the unpredictability of market outcomes. He warns that markets can always throw unexpected surprises, necessitating a degree of caution.
Looking at Cardano’s short-term prospects, the TradingView chart depicts the digital asset trading around $0.258, following a gradual downtrend since mid-January. The price is currently below the 50-day simple moving average near $0.288, which serves as the primary resistance level. A breach above this average could indicate early bullish momentum.
On the downside, $0.24-$0.25 forms an immediate support zone, where buyers have previously intervened post-February’s sharp selloff. A sustained dip below this range could expose Cardano to a retest of $0.22.
While momentum indicators present a mixed outlook, with the Awesome Oscillator (AO) showing slight negativity, the bearish momentum seems to be waning. Overall, the technical analysis hints at Cardano being in a consolidation phase in the short term. However, analysts are closely monitoring macro liquidity trends and long-term indicators to gauge the direction of the asset, with potential parallels drawn to previous market phases.
