Cardano analyst sees 1,050 percent upside on 2020 pattern repeat
Cardano (ADA)
Editor:
Eugene Serbin
digitaltoday.co.kr reports that analyst Javon Marks believes Cardano is entering an accumulation phase similar to its 2020 pre-bull market structure. Marks points to a weekly chart showing ADA moving sideways after rebounding from a low near $0.19012 on September 16. He argues this prolonged range mirrors the 2020 period before a sharp rally that eventually pushed prices to $3.10.
The analysis suggests ADA has rebounded to around $0.262 this week before settling near $0.246. Marks identifies a target price of $2.90, which represents a potential 1,050 percent gain from current levels. This valuation would bring Cardano’s market capitalization to approximately $106.62 billion based on a circulating supply of 36.76 billion ADA.
CoinMarketCap founder Yura Karamenko previously stated he expects ADA to revisit the $3 level, noting the key question is when rather than if. Cardano founder Charles Hoskinson has also referenced the past move from $0.02 to $3.10 as a precedent for another major rally. The report highlights that while past patterns do not guarantee future results, the structural similarities are notable. Marks describes the current setup as the early stage of a potential monstrous run toward the $2.90 target.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 27 September 2026. Not the outlet's figures.
Whalio spot data shows ADA trading at $0.2540 with a 1-hour buy ratio of 47.0 percent, indicating short-term selling pressure. In contrast, the 4-hour buy ratio stands at 55.2 percent, suggesting that buying interest is building over a slightly longer timeframe. The 24-hour buy ratio is 49.7 percent, showing a near-even split between buyers and sellers over the full day. Volume delta data reveals a net outflow of $94,420 in the last hour, while the 4-hour delta shows a net inflow of $605,976. This divergence implies that while immediate selling exists, larger timeframes are seeing accumulated buying. The 24-hour volume delta is negative at -$241,687, but the cumulative CVD closed positive at $69,999. This indicates that net buying pressure has been present throughout the day despite recent hourly outflows.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Over the preceding week, ADA experienced a price increase of 11.5 percent with a total volume delta of $2,929,904. The 7-day average buy ratio was 50.5 percent, which is slightly higher than the current 24-hour reading of 49.7 percent. Today’s buy ratio is 0.8 points below the weekly average, indicating a marginal shift toward balanced or slightly bearish sentiment. Trading volume today is at 0.78 times the weekly average, suggesting a quieter day than usual. Net buying occurred on 4 out of the past 7 days, with 12 of the last 24 hours showing net buying. This places today’s activity in line with the broader weekly trend of moderate accumulation rather than an extreme outlier.