Cardano ADA News: Potential $6 Price Target on the Horizon Following 43% Correction

Cardano (ADA) may be on the verge of a significant price surge, reminiscent of its 2021 rally, after experiencing a 43% correction. Historical patterns suggest that such corrections have often preceded major price increases, potentially paving the way for ADA to reach a $6 price target.

Is Cardano re-tracing its 2021 pattern? $6 price target may be in sight IF….

Cardano may be poised for a major price hike following its recent 43% correction. Historical patterns hinted at a potential breakout for ADA, echoing its 2021 rally. After recording a significant 43% correction, Cardano [ADA] may be poised for its next major price surge, mirroring its performance in early 2021. In fact, historical price patterns suggested that ADA has often followed sharp corrections with significant upward momentum, with analysts now eyeing a potential breakout. If this trend continues, Cardano could be on track for impressive growth, with $6 emerging as a possible target in the weeks ahead. At the time of writing, Cardano [ADA] appeared poised for a significant upward move, echoing its explosive rally from early 2021. Back then, after a 44% correction, ADA climbed.

Cardano Price To $6? Historical Data Says ADA Is Ready To Take Off

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? 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.

Cardano Price Analysis: ADA Must Clear Major Resistance to Eye $2

Cardano (ADA) is currently consolidating within a critical price range, with recent market activity indicating strong buyer interest to overcome the $1.3 resistance level. This resistance is significant both psychologically and technically, as it aligns with the upper boundary of a descending wedge pattern. A successful break above this level could initiate a mid-term uptrend, potentially targeting the $2 resistance zone. However, failure to surpass this threshold may result in continued consolidation or a price pullback. The recent price action near the $0.87 support level has shown substantial buying interest, driving ADA towards the $1.3 resistance. The outcome of this movement is crucial in determining the next market trend for ADA.

Cardano ADA Whales Increase Accumulation: 430% Rise Coming?

As Cardano ADA continues its recent climb, whales are picking up more of the token. With more whale accumulation comes investor interest, which could send ADA rocketing as much as 400%, per analysts. Over the last few weeks, whales have picked up on various altcoins and cryptocurrencies, driving their prices up. For Cardano ADA, the number of portfolios holding between 1 and 10 million ADA has reached a new high of 2,484. This is a significant rise from the previous monthly low of 2453 last week. There were few cryptocurrencies that entered 2025 with the kind of expectations Cardano did. The asset was poised to make a significant run as experts began to ponder the possibility of ADA challenging its $3 all-time high over the next twelve months. Price predictions continue to climb as the asset breaches expectations.