Javon Marks, a popular market commentator, suggests #Cardano could be entering a new accumulation phase similar to the 2020 setup that preceded $ADA’s historic rally. Notably, Marks shared a long-term technical analysis suggesting that Cardano has formed a base resembling the structure it developed before its major 2021 rally. Based on the historical comparison, he believes ADA could be in the early stages of another significant move. According to Marks, Cardano’s current price structure shares similarities with its 2020 market setup. At the time, ADA spent an extended period consolidating before breaking higher and entering a powerful uptrend. The accompanying weekly TradingView chart highlights the similarities between the two structures. In particular, the chart shows ADA moving through a prolonged consolidation phase before recovering from a recent low. Meanwhile, Marks projected that the similarities could trigger a potential move toward the $2.90 level. With ADA trading around $0.246, reaching that target would require a gain of roughly 1,050%. Marks described the potential move as another monstrous run. ADA traded around $0.020 in early 2020 before entering a prolonged rally that eventually pushed the token to $3.10 on September 2, 2021. Similarly, the current chart shows ADA spending an extended period within a broader consolidation structure before attempting to break higher. https://t.co/F3DXDLZoPw