{"id":10869,"date":"2026-04-03T04:11:07","date_gmt":"2026-04-03T04:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/buying-cardano-now-is-like-buying-bitcoin-before-it-blew-up-analyst-says\/"},"modified":"2026-04-03T04:11:07","modified_gmt":"2026-04-03T04:11:07","slug":"buying-cardano-now-is-like-buying-bitcoin-before-it-blew-up-analyst-says","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/buying-cardano-now-is-like-buying-bitcoin-before-it-blew-up-analyst-says\/","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’s current market position and Bitcoin’s 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<\/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’s 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 commodity. \u201cThat’s like buying Bitcoin when everyone called it a scam,\u201d he wrote, \u201cexcept this time the government already said it’s legit.\u201d<\/p>\n

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

The technical structure of CryptoPatel’s 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’s 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’s 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,” the analyst wrote. “It’s just a matter of time.\u201d<\/p>\n

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

A prominent crypto analyst is pointing to similarities between Cardano’s current market position and Bitcoin’s 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":10870,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[314],"tags":[183,315,316,184,317,136,185,318,319,5011],"class_list":["post-10869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-binance","tag-cardano","tag-cardano-news","tag-cardano-price","tag-cryptopatel"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=10869"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/10869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/10870"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=10869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=10869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=10869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}