ADA at 2020 Levels: Could Cardano Be Preparing for Another Historic Rally?

While Cardano ($ADA) remains under heavy selling pressure, analysts are seeing promising signs of recovery.

Notably, $ADA has dropped out of the top 10 by market capitalization and now ranks 16th among digital assets. It is currently trading around $0.16. Cardano is down 4% in the past 24 hours, 35% over the last month, 53% year-to-date, and 73% over the past year.

The token is now trading at levels last seen in December 2020. Meanwhile, that was just before Cardano began a major bull run that eventually pushed $ADA to its all-time high of $3.10 in September 2021. The rally from $0.16 to $3.10 represented a gain of roughly 1,838%.

Key Support Zone

Amid the steep decline, some analysts believe $ADA has reached a critical long-term support area. Market analysts noted that Cardano has returned to a price zone where buyers previously stepped in, which is between $0.15 and $0.16. The analyst described it as one of the most important levels on the weekly chart.

A strong reaction from this support area could trigger a recovery toward higher resistance levels at $0.2243, $0.3136, and $0.4488.

However, caution remains. Losing the current support could accelerate selling pressure. In that scenario, $ADA may continue falling in search of lower liquidity zones.

$ADA Targets on Further Downside

Analyst Ali Martinez said $ADA recently broke down from a bearish flag pattern that had been forming since the start of the month.

According to Martinez, $ADA’s nearly 30% drop between June 3 and June 16 created the flagpole. The subsequent period of consolidation formed the flag portion of the pattern.

After breaking below the $0.17 support level, Martinez believes the risk of a deeper correction has increased. His downside target is $0.13.

Martinez had previously warned on June 4 that $ADA could eventually fall to $0.11 or even $0.051. He made those comments shortly after Hoskinson announced he was taking a break.

Hoskinson Focuses on Cardano Long-Term Growth

As $ADA struggles, Cardano founder Charles Hoskinson has urged investors to look beyond short-term price action.

A post from @MinswapIntern highlighted Hoskinson’s recent comments about Cardano’s next phase of development. The founder said the network is preparing for future growth, including the launch of the Leios testnet.

Hoskinson also argued that Cardano’s greatest strength is its community, not its current technology stack or token price. He said the ecosystem has repeatedly shown its ability to evolve and reinvent itself.

He further pointed to projects such as Midnight as evidence that Cardano is expanding beyond traditional crypto use cases and building for long-term adoption.

Community Figure Predicts Return to $3

Meanwhile, Cardano stake pool operator Sssebi pointed to $ADA’s strong rally last year. The token doubled from $0.60 to $1.20 after U.S. President Donald Trump announced plans for a strategic crypto reserve that included Cardano.

Sssebi argued that a market recovery could once again drive strong momentum for $ADA. He believes the asset could post several consecutive weeks of gains if sentiment improves. According to him, a return to the $3 level could happen much sooner than many investors expect.

“$ADA can get to $3 faster than you think,” Sssebi said.

Remember how $ADA pumped from $0.60 to $1.20 when Trump announced it as part of the US Strategic Reserve?

The same thing will happen once the markets start the reversal and it could be multiple weeks in a row.$ADA can get to $3 faster than you think. pic.twitter.com/2Sy1LpYf5S

— Sssebi🦁 (@Sssebi) June 18, 2026