On March 5, 2025, ADA (Cardano) was observed to be replicating the price pattern of its last bull cycle, as highlighted by analyst Mihir (@RhythmicAnalyst) on Twitter (X). At 10:00 AM UTC, ADA was trading at $0.65, which is a significant level when compared to its last cycle's peak of $3.10 on September 2, 2021. According to data from CoinMarketCap, ADA's current price represents a 79% retracement from its all-time high, closely mirroring the 78.6% Fibonacci retracement level observed during the last cycle on October 15, 2021, when ADA was at $0.66 (source: TradingView). The tweet also included a projection suggesting ADA might reach $1.20 by the end of Q2 2025, based on historical patterns (source: @RhythmicAnalyst, March 5, 2025). This analysis was accompanied by a chart indicating ADA's price movements over the past year, showing a consistent upward trend since December 2024, when ADA was at $0.45 (source: CoinGecko, December 31, 2024).

The replication of the last bull cycle's pattern has significant trading implications for ADA. At 11:30 AM UTC on March 5, 2025, ADA's trading volume surged to 1.2 billion ADA, a 40% increase from the average daily volume of 850 million ADA over the past month, indicating heightened interest and potential for a breakout (source: CoinMarketCap, March 5, 2025). The Relative Strength Index (RSI) for ADA was at 68 on March 5, 2025, suggesting the asset is approaching overbought territory but still has room for upward movement before reaching the overbought threshold of 70 (source: TradingView, March 5, 2025). Additionally, the ADA/BTC trading pair showed a slight increase, with ADA/BTC trading at 0.000014 BTC at 12:00 PM UTC, up from 0.000013 BTC the previous day (source: Binance, March 5, 2025). This indicates that ADA is gaining strength against Bitcoin, a key indicator for altcoin performance. The on-chain metrics also support a bullish outlook, with the number of active addresses on the Cardano network increasing by 15% in the last week to 2.3 million, suggesting growing adoption and network activity (source: CardanoScan, March 5, 2025).

From a technical perspective, ADA's chart as of March 5, 2025, shows a clear bullish pattern with the formation of a cup and handle, a classic continuation pattern. The cup's bottom was formed at $0.45 on December 31, 2024, and the handle's right side was observed at $0.60 on February 28, 2025 (source: TradingView, March 5, 2025). The volume profile confirms this pattern, with higher volumes observed at the bottom of the cup and lower volumes during the handle formation, indicating a consolidation phase before a potential breakout. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on March 3, 2025, with the MACD line crossing above the signal line, further supporting the bullish sentiment (source: TradingView, March 5, 2025). The 50-day moving average (MA) for ADA was at $0.55 on March 5, 2025, and the 200-day MA was at $0.48, indicating a strong upward trend as the shorter-term MA is above the longer-term MA (source: TradingView, March 5, 2025). The trading volume for ADA/USD on Binance was 1.1 billion ADA at 2:00 PM UTC on March 5, 2025, a 30% increase from the average daily volume of 850 million ADA over the past month, further confirming the bullish trend (source: Binance, March 5, 2025).

In summary, ADA's replication of its last bull cycle's pattern, as observed on March 5, 2025, presents a compelling case for traders. The current price of $0.65, the significant increase in trading volume, and the technical indicators all suggest a strong potential for further upward movement. Traders should closely monitor ADA's performance against Bitcoin and the on-chain metrics to capitalize on this potential breakout.