With the bearish pressure in the cryptocurrency market dissipating, large-cap altcoins are showing good signs of recovery. Cardano, specifically, has quickly established itself as one of the best-performing assets in the crypto market in 2025.
After the downside pressure over the past few weeks, the Cardano price finally reclaimed and held above the $1 mark in the past week. The question now is — what’s the next move for the ADA token?
Is A 400% Rally On The Cards For ADA Price?
In a recent post on social media platform X, popular crypto analyst Ali Martinez shared the next step for the Cardano price after the latest downturn. The crypto pundit revealed the price fractals that could see the ADA token move to as high as $6.
In technical analysis, fractals refer to recurring patterns on a price chart. Typically, the patterns provide insight into historical price movements and can be used to predict the future trajectory of a cryptocurrency.
After a 44% correction, #Cardano $ADA began its second leg up during the week of February 1, 2021. Now, #ADA has already undergone a 43% correction, suggesting the next leg up could be just two to three weeks away. $6 next! pic.twitter.com/xyvwZxdOFf
— Ali (@ali_charts) January 17, 2025
Martinez revealed that the price of Cardano is currently at a point similar to where it was four years ago. After breaking out of the consolidation range in late 2020, the altcoin surged to around $0.4 before February 2021.
However, the ADA price hit a roadblock around $0.4, falling by more than 40% before continuing its upward trend. The price of Cardano eventually soared to above $3 — the current all-time high — in this cycle.
Martinez explained that the ADA token, having just experienced an almost identical 40%, might be on the verge of a bullish breakout. The analyst said that the next move up for the altcoin could be “just two to three weeks away.”
Using the historical price data, Martinez predicted that the price of Cardano could push to as high as $6, setting a new record high. This would represent an impressive 400% surge from the current price point.
Cardano Price At A Glance
As of this writing, the Cardano token is valued at $1.15, reflecting an almost 5% increase in the past 24 hours. According to data from CoinGecko, the ADA price is up by more than 20% in the last seven days.
Related Reading: ‘Solana Season Is About To Return’ As Price Turns Key Resistance Into Support – Analyst
Featured image from Solodev, chart from TradingView Source: NewsBTC