Crypto Analyst Ali Martinez Explains Why Cardano Could Be Headed Toward $6.25

Jakarta, Pintu News – Market veteran Ali Martinez thinks that Cardano’s bull rally may still be in its early stages, with reference to its historical price movements.

Martinez highlighted this amid recent stagnant market conditions, and emphasized that Cardano still has further growth potential, even though the altcoin has recorded an impressive gain of 168% since November 2024, when the current bull rally began to strengthen.

Interestingly, ADA has recorded two bullish closes over the past two months, with gains of almost 40% in that period and about 13% just this month. However, Martinez remains convinced that Cardano’s bull rally has only just begun.

Such market analysts refer to historical chart patterns as the basis for their beliefs.

ADA Repeats Historical Patterns

Specifically, Ali Martinez compared the price movement of ADA after its peak in 2018 with the movement since its peak in 2021. For context, after reaching a high of $1.31 in January 2018 during the bull rally, Cardano’s price plummeted when the general crypto market entered a bear phase.

Read also: Hyperliquid Overtakes Ethereum and Solana in Transaction Fees, HYPE Sets a Record High!

From that $1.31 peak, ADA fell into a parallel channel pattern when its value dipped below $0.1 in August 2018. This parallel channel pattern directed Cardano’s price movements from August 2018 to July 2020, with the altcoin consolidating between $0.1 to $0.02 during that period.

Cardano finally broke out of this channel in July 2020, but dropped back down to retest the breakout area before surging sharply from November 2020 to reach a record high price of $3.1 in August 2021.

Interestingly, after reaching that $3.1 peak, ADA experienced another sharp decline and entered a new bear phase, along with the overall crypto market conditions. Cardano entered another parallel channel when the price dropped below $0.75 in May 2022 due to the collapse of the Terra ecosystem.

Bull Cardano Rally Still in the Early Stage

ADA continued to move within that parallel channel until it finally recorded a new breakout during the November 2024 rally. This breakout pushed Cardano’s price to a three-year high of $1.32 in December 2024.

However, the momentum weakened, and ADA retested the channel’s breakout area in the following months – a pattern similar to the 2020 retest.

Currently, Cardano is recovering from a months-long retest phase, and Ali Martinez believes that where Cardano is now is similar to where it was in November 2020, just before the explosive price surge.

For the record, since late November 2020, ADA recorded a rally of 1,966% to peak at $3.1 in August 2021. If the same pattern repeats from the current price of $0.91, then Cardano’s price could reach around $18.

Read also: Over 500,000 Dormant XRP Wallets Are Holding 10.7 Million Tokens — What Does It Mean?

However, Martinez’s chart shows a more realistic target. Based on the data he presents, he expects Cardano to break the $5 mark and potentially go up to $6.25 – in line with the 127.2% Fibonacci extension level.

Martinez used this analysis to reinforce his view that Cardano’s bull rally is still in its early stages.

Interestingly, other analysts also agree that the upside potential is still wide open. For example, market watcher Quintn recently suggested that ADA is in a five-wave structure, and the fifth wave could push the price past $1 in the near future.

Meanwhile, Dan Gambardello emphasized that the $10 price target for Cardano is not unrealistic.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Here’s Why Cardano Potentially Rallying to $6.25 is in Early Stage. Accessed on September 19, 2025