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Cardano (ADA) is drawing renewed bullish attention after a prominent financial chartist highlighted what he described as a “beautiful” technical setup forming on the token’s chart. The analyst argued that ADA could be one of the standout performers of the current crypto cycle, pointing to a structure that appears to support a potentially explosive move toward the $4 milestone.
ADA Could Become the Surprise Superstar of This Crypto Bull Run
In a recent post shared on the social media site X, financial chartist Celal Kucuker highlighted Cardano’s long-term technical structure, arguing that the asset appears to have a remarkably clear path toward $4.
He further described ADA as one of the “strongest star candidates” in the current bull market, a view that comes as Cardano continues to attempt a rebound from an extended stretch of bearish price action that pushed the cryptocurrency well below its former cycle highs.
Kucuker’s accompanying chart suggests that Cardano may be developing a large, rounded base on the long-term timeframe, a technical pattern commonly associated with extended accumulation phases following years of consolidation and downward pressure. The analyst identified the $1 level as a major breakout barrier, noting that a successful move above it could pave the way for a broader rally toward the $4.21 target zone.
At Cardano’s current trading price of around $0.2668, a rally to the $4 mark would represent a staggering gain of roughly 1,399%. Achieving that target would not only signal a major market recovery for ADA but would also propel the asset far beyond its previous historic peak of approximately $3.09 set during the height of the 2021 crypto bull cycle.
 
Cardano Whales Now Control 67% of ADA Supply, Highest Level Since 2020
Meanwhile, large holders of Cardano have been quietly accumulating ADA over the past two years, steadily building their positions without attracting significant market attention.
Whale wallets holding at least one million Cardano have reached a record level of dominance, now accounting for roughly 67.47% of the circulating supply, or about 25.09 billion tokens, according to market intelligence firm Santiment. This marks the highest concentration since mid-2020 and reflects a consistent accumulation phase that has persisted since December 2023.
Over the past nine months, the token has dropped by roughly 70% in market value, a trend that suggests larger holders may have been gradually building positions during the downturn. The data points to a broader pattern of accumulation, where the asset appears to be held with a long-term outlook rather than being frequently traded for short-term on-chain opportunities.