Cardano's price has entered a long-term accumulation range following a significant 93% drop from its previous cycle high. Currently trading around $0.26, Cardano (ADA) has rebounded from recent lows of approximately $0.24. Analysts suggest that holding above $0.18 is crucial to maintaining a bullish structure on higher timeframes, with $0.249 identified as a key support level for near-term direction. Crypto analyst Crypto Patel highlights that ADA is trading within a bullish order block, suggesting a potential for long-term expansion. Historical cycles indicate possible future targets of $1.20, $3.00, and $5.00, contingent on ADA reclaiming the $0.47 level. Meanwhile, Fibonacci retracement analysis by Man of Bitcoin points to $0.24 as a critical decision point, with potential downside targets at $0.13 and $0.055 if the price breaks lower. Weekly support levels identified by Ali Charts show ADA trading near the bottom of its range, with key support zones at $0.249, $0.115, and $0.053. Maintaining above $0.249 is essential for preserving the possibility of accumulation, while a drop below could signal further downside risk.