As Cardano (ADA) struggles to claim the crucial $1 mark, technical indicators suggest the token may be entering a critical phase that could see it target a record high of $6.
The analysis by Master Ananda is based on ADA’s weekly timeframe chart, where the token has been trading above key moving averages, EMA55, EMA89, and MA200, for seven consecutive weeks.
In a TradingView post on September 2, the analyst noted that this sustained action above major support levels reflects weak bearish pressure, allowing bullish momentum to dominate.
Even during recent red weeks, sell volume has remained low, while bullish buying interest has held firm.
At the same time, the outlook highlighted a clear rising trend that began in June 2023, with Cardano forming higher lows despite price fluctuations.
The last major peak was reached in December 2024, followed by a consolidation period lasting nine months. Historically, ADA advances occur every six to ten months, suggesting the market is now on the verge of its next rally.
ADA’s 2025’s strong momentum
Adding strength to the outlook, 2025 produced a triple-bottom formation, considered one of the strongest bullish reversal patterns.
The final low was recorded in mid-June 2025, with a decisive break above the MA200 in early July confirming the start of a new bullish wave.
According to the analysis, this setup places Cardano on a trajectory to retest and surpass previous highs. The projected target is $6, with early April 2026 marked as the timeframe when ADA is expected to reach that milestone.
ADA price analysis
By press time, ADA was trading at $0.82, having made modest gains of about 0.55% in the last 24 hours, though it was down 4% on the weekly timeframe.
For Cardano to reclaim its record high, the asset must first clear the immediate resistance at $1 and maintain support at $0.80. At the same time, ADA’s outlook is also likely to be influenced by broader market sentiment, as the token has continued to trade in tandem with other assets.
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