Cardano (ADA) has started 2025 with impressive momentum, recently surging above the $1 mark for the first time in over two weeks. Starting the year at $0.8450, ADA has gained over 10% in the last few days, fueling optimism among investors. According to market veteran Ali Martinez, the altcoin could be on track to surpass its all-time high and reach $6, following a similar pattern to its price movement in the 2020/2021 market cycle.

Cardano’s Journey: A Look Back at Its Price History

Martinez’s analysis is rooted in Cardano’s historical price behavior, particularly its movements during the last major bull run. After reaching a high of $0.3885 in April 2018, ADA entered a prolonged downtrend, exacerbated by the COVID-19 market crash in early 2020. By March 2020, Cardano had dropped to as low as $0.0177, experiencing a 95% decline from its previous peak. However, following this drastic dip, ADA began a dramatic uptrend that saw it break free from the downtrend in May 2020.

From November 2020, ADA entered a sustained rally that eventually peaked at $3.1 in August 2021, marking a massive 4,095% increase in just under a year. This explosive rise is the basis for the comparison between the current market conditions and the 2020/2021 cycle.

Cardano’s Recovery and New Bullish Cycle

Following the tumultuous year of 2022, marked by the collapse of major entities like Terra and FTX, Cardano entered another phase of consolidation. This period lasted for about 457 days, during which ADA’s price remained relatively stagnant. However, the start of the current bull market in Q4 2023 marked a clear breakout from this consolidation, leading to a resurgence of bullish sentiment.

Cardano’s uptrend began more notably in November 2024, after the U.S. presidential election results, with ADA rising 217% from its lows. Despite this impressive gain, Martinez suggests that the price rally is far from over. He believes that ADA is following a familiar path similar to 2020, setting the stage for substantial further gains.

$4 Target in the Short Term, $6 in the Long Term

Martinez is confident that ADA’s rally will continue in the near future, with a short-term target of $4. However, the analyst’s more ambitious prediction places ADA at $6.4, representing a 2,210% increase from its current lows. Given that Cardano is already seeing a price increase of more than 10% in early January, the path to $4 seems plausible if the current momentum continues.

For Cardano, $1 has historically been a significant price point, acting as both a psychological barrier and a technical resistance level. ADA’s ability to break above this threshold and maintain its position suggests that the cryptocurrency is well-positioned for further growth. At press time, ADA is trading at $1.06, with its 11.13% increase in the last 24 hours solidifying its position as one of the top performers in the market.

What’s Next for Cardano?

Cardano’s remarkable start to 2025 and its strong price recovery could signal the beginning of another major bull run for the asset. The comparison to its 2020-2021 market trajectory gives hope that ADA could experience substantial growth, with predictions placing its ultimate price target at $6. While the cryptocurrency market remains volatile and unpredictable, Cardano’s current position and performance suggest that ADA could continue to trend upward in the coming months.

Investors are encouraged to closely monitor ADA’s price action, as a break above key resistance levels could set the stage for further price surges. Should Cardano continue on its current trajectory, 2025 could be a pivotal year for ADA, with significant returns possible for those who act early.