Cardano is back at a familiar level, and that’s exactly why traders are paying attention again. In a post on X, analyst Mentor highlighted that ADA has returned to the same zone where the last major rally began; the move that eventually ran hard toward the $1.40 area. The claim is simple: if that base triggered a breakout once, it can do it again.
The chart Mentor shared also shows why this level keeps getting talked about. ADA is sitting around the high-$0.20s again, after a long unwind from the previous cycle’s spike, and the market is clearly treating this region like a “line in the sand” zone where selling pressure starts to fade and buyers begin testing risk.
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ADA Chart Analysis
The most important part of the chart is the retest of the base, not the past peak. Last time ADA traded in this same neighborhood, price spent time compressing before it broke upward aggressively, and the rally accelerated fast once momentum traders started chasing. That’s why Mentor frames this as a repeatable setup: a quiet base, then a violent repricing.
The other obvious detail is the contrast between the rally phase and the decline phase. The rally into the $1.00–$1.40 region was sharp and emotional, but the move back down has been slower and more grinding, which is typical when a market bleeds after a blow-off move. That kind of structure often leaves behind a “memory zone” where buyers step in again, even if the bounce starts ugly.
ADA Price: Support and resistance zones that matter now
If this level fails, the chart basically says ADA is back in pure damage-control mode. The first support band is the current base in the high-$0.20s, with the “must hold” area sitting closer to the mid-$0.20s where the wick lows cluster. A clean breakdown below that type of zone usually changes the tone fast, because it tells the market the base is no longer defending.
On the upside, the first real hurdle is the area above the base where prior breakdowns began – the zone that tends to reject the first bounce. After that, the chart’s next meaningful checkpoints are the former “decision areas” from the downtrend: the mid-range levels where price chopped before continuing lower. In practice, that means ADA would need to reclaim multiple layers of resistance, not just bounce once, to recreate anything resembling the last run.
Read also: Cardano Low-Cap Tokens Might Be Entering a “Make History” Moment, Crypto Founder Says
The “6x in a month” claim needs context
Mentor’s post leans on a clean narrative: “Last time this level triggered a 6x move, so history repeats.” That’s a strong hook, but the conditions that create a 6x month usually require a broad risk-on wave across crypto, strong Bitcoin liquidity, and a market willing to rotate into large-cap alts at the same time. Without that backdrop, the same support level can still bounce, but the follow-through often looks smaller and messier.
There’s also the reality that the prior spike was a momentum event, and momentum events tend to overshoot both ways. The same psychology that can launch a chart vertically can also trap late buyers for months afterward, which is exactly what this downtrend has looked like. So the setup can be real and still not deliver the same magnitude.
My opinion on Mentor’s take
The chart point is valid: ADA is absolutely back at a zone that previously acted like a springboard, and markets do react to these “memory levels” more often than people admit. But a 6x repeat is not something that happens just because price touched the same number again; it happens when liquidity conditions flip and the market starts rewarding risk instead of punishing it.
The more realistic way to frame it is this: the base gives ADA a shot at a strong relief move, and if the broader market turns supportive, that relief move can turn into a trend. If the market stays heavy, this zone can still hold, but the action may look like choppy accumulation and failed bounces before anything clean appears.
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