While Cardano (ADA) is trying to break the key $1 mark, technical indicators point to a possible entry into a critical phase that could lead to a new all-time high at $6.
This forecast by analyst Master Ananda is based on the weekly ADA chart, which shows token has been trading above key moving averages EMA55, EMA89 and MA200 for seven weeks in a row.
Writing on TradingView, he noted that the move above major support levels reflects weak bearish pressure, allowing bullish momentum to dominate.
ADA Price Analysis Chart. Source: TradingView
His forecast also revealed a clear upward trend starting in June 2023, with Cardano formed upper lows despite price fluctuations.
The last major peak was in December 2024, followed by a period of consolidation that lasted nine months. Historically, ADA has risen every six to ten months, suggesting that the market is now on the cusp of another rally.
In 2025, a triple bottom pattern formed, which is considered one of the strongest bullish reversal patterns.
The local minimum was recorded in mid-June 2025, and the decisive breakout of MA200 in early July confirmed the beginning of a new bullish wave.
According to the analysis, this configuration outputs Cardano on a trajectory to retest and exceed previous highs. The projected target is $6, with early April 2026 being the most likely date to reach that milestone.