Cardano (ADA) has been rejuvenated after comments by co-founder Charles Hoskinson, but the asset has failed to find the impetus to move past significant resistance points. Traders and long-term holders are keenly looking at whether ADA can stampede beyond the 0.5 Fibonacci retracement level, $0.853, following the recent consolidation at $0.765.

With historical patterns hinting at possible repeat runs, market participants are weighing whether the current slow build could turn into another breakout. Amid this, a new altcoin with tangible payment utility and strategic exchange listings is attracting attention from investors seeking practical upside, hinting at where capital flows might head next.

Cardano shows familiar patterns, but momentum is slower

A recent chart analysis draws parallels between ADA’s current trajectory and its explosive 2020–2021 rally. Fibonacci levels indicate that any break above 1.15 (0.618), 1.78 (0.786) will possibly create open targets of up to 3.09, 4.