Cardano is accumulating before the ADA price goes to $4.

Cardano’s price has now closed seven weeks in a row below its open price.
Trading ranges that are extremely narrow frequently precede significant movement.
Cardano’s next bullish breakout is anticipated to go for new all-time highs in the $4 value range.
For nearly a month, Cardano’s price has been stuck in a narrow range between $2.08 and $2.30. While other prominent cryptocurrencies such as Bitcoin, Ethereum, Polkadot, Shiba Inu, and others have pushed to new all-time highs, Cardano has remained stable.

Cardano’s price behavior reveals bullish time and price circumstances.

Cardano’s price may shortly break through. W.D. Gann’s ‘Death Zone’ cycle is defined by seven consecutive weeks of closing below the weekly open. It’s a 49- to 52-day cycle that usually ends with a dramatic corrective move in the other direction. For Cardano bulls, this might signal the end of the irritating sideways price motion.

Cardano price is building a strong bullish setup on the $0.05/3-box reversal Point and Figure Chart below. The present column of Os shows that a collapse has occurred below a double bottom. If a fresh column of Xs forms and progresses beyond the double-top that would form at $2.40, an entry at $2.45 would confirm a pattern known as a Bear Trap in Point and Figure analysis. In the Point and Figure study, the anticipated profit objective using the horizontal profit target approach is $4.00.

The bullish setup would still be viable if the current O-column moved one more box down. It will, however, be nullified if Cardano falls below $2.00. Cardano’s value would be threatened if it fell below $2.00, putting it in the $1.70 to $1.80 range.