Analyst points out that Cardano could reach $6 with technical pattern
- Graphical analysis suggests a possible rise in Cardano
- ADA forms solid base near $0,85
- $6,25 target is based on technical projection
Cardano (ADA) has been holding relatively steady while other crypto assets gain more attention. According to analyst Ali Martinez, this muted behavior may indicate preparation for a significant move, based on a chart pattern similar to the one that preceded ADA's last rally.
On the current chart, ADA is near $0,85, a level that coincides with the 0,5 Fibonacci retracement of its long-term movement. This same point, in the previous cycle, served as the basis for a rally that took the coin above $1. The asset has shown resilience, testing support several times and remaining stable, even without breaking through significant resistance.
Cardano $ ISLANDS is showing the same price structure as the last cycle, only this time, it's unfolding more gradually. And it feels like we're right at the beginning of an explosive move. pic.twitter.com/xbg3phaz6x
— Ali (@ali_charts) August 1, 2025
For Martinez, this technical behavior—slow buildup below a resistance zone—is characteristic of moments preceding major moves. The next important resistance levels are $1,15, $1,74, and $3, all previous milestones in past cycles.
The analyst's most ambitious projection points to $6,25 as a possible final target for the move, should ADA repeat its previous price extension. While this appreciation depends on a number of factors, it is based on chart patterns that have proven consistent throughout the asset's history.
The lack of strong attention on ADA at this time may be another relevant technical indicator. Similar accumulation patterns in low visibility have already served as triggers for significant movements in previous cycles. Cardano's current behavior suggests a base-building phase with the potential for a positive reversal in the coming months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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