Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, has caught the attention of investors with its recent price trends. Crypto analyst Ali Martinez has drawn parallels between ADA’s current correction phase and its performance during the 2020 bull cycle. If history repeats itself, Martinez predicts that ADA could surge to $6, marking a significant increase from its current price of $0.8968.
Recent ADA Price Movements

After a four-day losing streak, Cardano rebounded slightly on Friday, recovering from a low of $0.762. It peaked at $0.997 on Saturday before slipping back to $0.869 on Sunday, hovering near the 50-day Simple Moving Average (SMA). Holding above the critical support level of $0.869 is essential for ADA’s short-term outlook.