thecryptobasic.com 
Cardano may have bottomed and could be beginning a major cycle transition after spending several months in a prolonged downtrend.
Cardano ($ADA) trades at $0.160, down 94.8% from its all-time high of $3.10. From the cycle’s peak price of $1.32 in December 2024, it is down 87.8%, further reflecting the deep correction that has mirrored the broader market trend.
Recently, $ADA broke below its previous cycle’s low of $0.22 to the current market price. The token now trades at price levels last seen in 2020. But could the downtrend be over for the now 16th-largest cryptocurrency by market cap?
A Potential Turning Point for Cardano?
Notably, the crypto market often moves through cycles, with bullish and bearish phases unfolding over multiple years. An example is what happened between 2021 and 2023. Cardano grew by 621% in 2021 to its peak and current all-time high of $3.10.
After reaching the peak, $ADA entered a deep correction that erased a significant portion of its gains. It spent years consolidating before building a base. June 2023 marked an important shift in Cardano’s structure as the market found stability. The coin finally bottomed out at $0.22 after a staggering 93% crash.
Cardano Monthly Chart
What followed was months of recovery that carried $ADA substantially higher into late 2024. It rose an impressive 500% from the low to the December 2024 high, as bulls reclaimed control of the market from bears.
Now, attention is once again turning to June 2026. Cardano has dropped to multi-year lows and has also dropped well below prior highs, with some analysts suggesting the possibility of a price bottom.
One of the reasons for this bias is the timing of the previous bottom. $ADA formed a base in June 2023, exactly 21 months after its 2021 peak. Currently, it has been 19 months since the coin peaked in December 2024. If $ADA finds a durable base as it did three years ago, then a turning point is near.
$ADA Targets New Expansion Phase
If the broader correction has indeed run its course, Cardano could be entering the early stages of a new expansion period. As seen after June 2023, $ADA could start to reclaim higher prices in the coming months, shifting momentum bullish.
However, the exact duration of the next bull cycle remains uncertain. Unlike previous periods, today’s market is evolving alongside growing institutional adoption and a changing regulatory landscape. As a result, future cycles may not follow the same timeline as the past.
Analysts have already projected potential targets for Cardano. Celal Kucuker shared in an analysis that $4.2 is the target for a new bull rally, citing an “incredibly clean” chart setup. Meanwhile, short-term targets include the golden pocket at $0.70, according to Tim Warren.
