Cardano (ADA) traded near $0.2475 as it extended its rebound from mid-September lows. According to CoinMarketCap, the token was up about 2.75% over 24 hours, with market capitalization near $9.09 billion and daily trading volume standing around $611 million.

ADA had recovered from roughly $0.190 on Sept. 16 before reaching about $0.262 this week, bringing the recent high back into focus as traders assessed whether the September recovery could extend. Separately, analyst Javon Marks renewed a longer-term Cardano price prediction based on similarities with the 2020 market structure, while the network prepares for an Oct. 1 RealFi mainnet launch.

2020 Base Returns to Focus in Cardano Price Prediction

Marks compared ADA's current market structure with the consolidation that developed during2020. ADA traded near $0.02 in early 2020 before buyers gradually pushed it out of a long accumulation range, a move that eventually carried Cardano to an all-time high near $3.10 in September 2021.

In his ADA price prediction, Marks places the earlier cycle beside Cardano's current structure. Both periods include an extended decline, a broad bottoming phase and a recovery from lower support. The current structure also follows a descending trend that has controlled much of ADA's longer-term price action.

Structure-based comparisons are a familiar analytical tool in crypto markets, though prior cycles unfolded under different liquidity and broader market conditions than those facing ADA today.

Marks projects a move toward $2.90 if ADA follows a similar path. That target sits just below Cardano's previous record high. The comparison relies on historical price structure rather than a confirmed breakout. The projected path also includes several pullbacks between larger advances, meaning ADA would need to build a series of higher price ranges before approaching the longer-term target.

ADA Extends Rebound From September Low

ADA dropped to about $0.190 on September 16 before buyers returned. Price then recovered through the second half of September and briefly reached about $0.262 this week.

CoinMarketCap data shows stronger activity alongside the latest daily advance. Trading volume rose more than 20%, while Cardano's market capitalization rose to $9.3 billion. The volume increase followed the period of recovery from the September low.

The 24-hour price chart also shows buyers defending gains after the initial move above $0.24. ADA moved through the $0.25 area and later approached its recent September high. That high near $0.262 now marks an immediate level to watch: a move through it would extend the short-term recovery, while another rejection could keep ADA inside its current range.

RealFi Launch Adds New Cardano Development

Cardano also has a network development scheduled for October 1. Cardanians said that RealFi will launch on Cardano and connect on-chain stablecoin capital with real-world credit markets.

RealFi aims to bring lending activity tied to real-world borrowers onto the Cardano network, giving the platform another application focused on linking blockchain liquidity with traditional credit demand. That focus places the launch within a broader group of crypto applications, often described as real-world assets or RWA, that seek to bridge public blockchains with traditional finance.

The development arrives while ADA trades near the upper end of its recent recovery range. However, the network launch and ADA's market performance involve separate factors. Cardano's price will still depend on trading activity, broader crypto conditions and whether buyers continue supporting the current structure.

RealFi also provides market participants with another network metric to track after launch. Usage, capital deployed and lending demand can provide clearer data on adoption once the product begins operating.

This article is for informational purposes only and does not constitute financial or investment advice. Analyst price targets are projections and may not materialize.

This article was originally published on The Market Periodical.