#binance #hype #zec #near
02/09/25 20:38 UTC-04

Analyst predicts date when Cardano will trade at $6

While Cardano (ADA) is attempting to break through the key $1 mark, technical indicators point to a possible entry into a critical phase that could lead to a new record high of $6.

This prediction by analyst Master Ananda is based on the weekly ADA chart, which shows the token trading above the key EMA55, EMA89, and MA200 moving averages for seven consecutive weeks.

In a post on TradingView, he noted that the movement above key support levels reflects weak bearish pressure, allowing bullish momentum to dominate.

His forecast also revealed a clear uptrend 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 nine-month consolidation period. Historically, ADA has grown every six to ten months, suggesting that the market is now on the verge of another rally.

In 2025, a triple bottom pattern formed, considered one of the strongest bullish reversal patterns.

A local low was recorded in mid-June 2025, and the decisive breakout of MA200 in early July confirmed the start of a new bullish wave.

According to the analysis, this configuration puts Cardano on a trajectory to retest and exceed previous highs. The projected target is $6, with early April 2026 being the most likely date for reaching this milestone.

See also: "Bitcoin price today: stabilizing at $110,800 amid caution over US rates and tariffs"

#Forecast #Analitycs #STELLAR #Trading

Editor: Alyona Nabok
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