Whereas Cardano (ADA) is attempting to break the important thing $1 mark, technical indicators level to a attainable entry right into a important part that might lead to a brand new all-time excessive at $6.
This forecast by analyst Grasp Ananda is predicated on the weekly ADA chart, which reveals token has been buying and selling above key transferring averages EMA55, EMA89 and MA200 for seven weeks in a row.
Writing on TradingView, he famous that the transfer above main help ranges displays weak bearish strain, permitting bullish momentum to dominate.
ADA Price Evaluation Chart. Supply: TradingView
His forecast additionally revealed a transparent upward development beginning in June 2023, with Cardano shaped higher lows regardless of worth fluctuations.
The final main peak was in December 2024, adopted by a interval of consolidation that lasted 9 months. Traditionally, ADA has risen each six to ten months, suggesting that the market is now on the cusp of one other rally.
In 2025, a triple backside sample shaped, which is taken into account one of many strongest bullish reversal patterns.
The native minimal was recorded in mid-June 2025, and the decisive breakout of MA200 in early July confirmed the start of a brand new bullish wave.
In accordance to the evaluation, this configuration outputs Cardano on a trajectory to retest and exceed earlier highs. The projected goal is $6, with early April 2026 being the most certainly date to attain that milestone.
