TLDR
- Cardano price fell below $0.22, reaching $0.2105 before a modest recovery.
- Analyst Master Ananda maintains his bullish outlook despite ADA’s recent decline.
- A falling wedge and rounded bottom form the basis of his recovery forecast.
- Ananda identifies $1, $2, and $3.25 as potential upside targets.
- ADA must defend nearby support and regain buying momentum to support the bullish scenario.
Cardano (ADA) price has slipped below $0.22, but crypto analyst Master Ananda continues to see a possible recovery. His forecast calls for ADA to reach $1 in the coming months before testing higher levels in 2027.
Cardano Price Retreats Toward $0.21
ADA fell to $0.2105 on Thursday before recovering toward $0.2169. The move followed an earlier rise near $0.28 and left the token below the $0.22 mark.
The fall extends a weak period that began in 2025. Ananda said consecutive losing sessions do not, by themselves, rule out a recovery. He urged traders to follow their plans during periods of market stress.
On his three-day chart, ADA remains inside a falling wedge that developed during its prolonged decline. The chart tracks a retreat from above $1 toward $0.20 across 2025 and 2026.
Ananda points to a rounded bottom that formed over roughly two months. ADA rose from $0.1384 in July toward $0.28 this month, although the latest selling has cut that advance.
Separate reports on Cardano lending activity describe new stablecoin products and changing yields. Those network developments do not establish whether ADA has reached a lasting price bottom.
Why the Analyst Still Expects Higher Prices
Ananda’s first projected level sits near $1.07, based on his Fibonacci chart. He then identifies $2.06 and $3.248 as further targets, provided buyers regain control of the market.
A move to $3.25 would exceed ADA’s September 2021 record near $3.10. However, the chart does not guarantee those prices, and the token has not confirmed a sustained rise.
The Cardano Foundation’s recent request for clearer US crypto rules concerns how regulators define digital commodities. It remains a proposal and offers no immediate confirmation for Ananda’s forecast.
The near-term question is whether buyers can defend the $0.21 area and reclaim $0.22. A return toward $0.28 would test the upper end of the token’s recent recovery.
The Foundation’s response to proposed EU crypto rules addressed staking and decentralized services this week. Neither that statement nor the US filing establishes a direct cause for ADA’s recent price changes. Ananda said traders should prepare for losses as well as gains and avoid impulsive decisions.
Be the first to comment