Can Cardano Still Hit $6.25 This Cycle? Analyst Answers

The Cardano weekly chart is still looking strongly bullish according to independent technician Charting Guy (@ChartingGuy on X) who resurfaced his long-running Fibonacci roadmap and channel ￰0￱ Cardano Top $6 This Cycle? His latest post on X on October 26 noted that “ADA is fine as long as uptrend holds,” a view that is anchored in a multi-year rising channel that has contained price action since the 2018–2019 ￰1￱ channel features a lower rail now passing through roughly the $0.33–$0.35 area, a midline that has behaved as a recurring pivot since 2020, and overhead parallels that intersect with Fibonacci extension targets later in the ￰2￱ chart history mapped on his visuals is ￰3￱ 2021–2022 bear trend, drawn as a steep descending line from the prior peak, ended into the channel’s lower support and resolved through a series of falling trendline breakouts during 2023 and early ￰4￱ Q4 2023, the chart has shown a series of higher highs and higher lows.

Currently, the ADA price is again guided by a falling ￰5￱ Reading: Cardano Gears Up for Major Rally as Technicals Flash Buy Signal and Traders Eye $2.50 Target Everything in the layout revolves around the Fibonacci ￰6￱ retracement set on the right margin—derived from the 2021 peak to the cycle low—marks 0% at $0.23488, then $0.33360 (0.136), $0.43180 (0.236), $0.62932 (0.382), a mid-range 0.5 at $0.85, $1.15694 (0.618), $1.43911 (0.702), $1.78464 (0.786), $2.32189 (0.888), and $3.09981 (1.000). Above that stack, the cycle extensions are plotted at $6.25325 (1.272), $9.00941 (1.414) and $15.26831 (1.618). Those numbers are consistent with how the analyst framed the market earlier in the ￰7￱ April 27 he wrote that “ADA fibs are very important ￰8￱ 0.618 is a STRONG resistance… the 0.382 MUST hold… neutral until one of these breaks on a weekly close.” That roadmap has aged ￰9￱ through spring and summer repeatedly stalled in the 0.500–0.618 zone, with the 0.618 level at $1.15694 capping advances.

Pullbacks, in turn, have found bids near the 0.382 pivot at $0.62932. On September 18, after that rejection, he updated that “ADA higher low ✅ … higher high pending… still targeting 1.272 fib this cycle,” tying the price structure back to the extension ￰10￱ implication is not casual moon-math; it is ￰11￱ ADA continues to defend the uptrend defined by the channel’s lower rail and, crucially, converts the 0.618 retracement at $1.15694 into support on weekly closes, the path reopens into the upper retracement shelf—$1.43911 at 0.702 and $1.78464 at 0.786—before confronting the 0.888 marker at $2.32189. A yellow waypoint for a higher high (on the main chart) sits near ~$2.30, deliberately aligning with that 0.888 level to flag a logical checkpoint for the next impulsive leg beneath the full retrace at $3.09981.

Related Reading: Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip Only beyond that zone does the headline question come into ￰12￱ analyst’s cycle objective is the 1.272 extension at $6.25325. On his canvas, that target is not an orphaned price label; it intersects with the upper parallels of the multi-year rising channel further out in time, which means the extension is technically consistent with the same structure that has governed ADA since the last cycle’s ￰13￱ risk management side of the ledger remains equally explicit: lose the 0.382 at $0.62932 on a weekly closing basis and the neutral-to-constructive stance is impaired, pushing focus back to $0.43180 and $0.33360, with the 0% anchor at $0.23488 defining the absolute boundary of the cycle floor inside the channel’s lower ￰14￱ the latest candles on the charts show, ADA sits mid-channel with the higher low confirmed and the range unresolved beneath descending trendline ￰15￱ triggers are unchanged and numerically clear.

A sustained weekly close above $1.15694 would validate an attempt toward $1.44, $1.78, and $2.32, with $3.10 the final retrace before extension math takes over. A failure through $0.62932 would flatten the uptrend ￰16￱ those guardrails, the analyst’s October 26 message reads less like bravado and more like a conditional statement embedded in the chart itself: Cardano can still reach $6.25 this cycle—but only if the uptrend continues to hold and the 0.618 ceiling finally gives ￰17￱ press time, ADA traded at $0.67. Featured image created with DALL. E, chart from ￰18￱