While the Cardano short-term momentum remains constrained, an analysis suggests the asset has significant prospects in the mid- to long-term.

Cardano ($ADA)is down over 80% from the cycle’s high of $1.32, mirroring the broader market’s bearish trend. However, the next bullish phase holds promising price action for the altcoin if recent analysis proves true.

Key Points

• Analysis suggests that the mid- to long-term looks “absolutely perfect” for Cardano despite the short-term trend.
• Cardano has held above a key support area around $0.221 on the weekly chart.
• The price is also on the cusp of breaking above a multi-month descending trendline.
• The midterm target for this bullish setup is the upper band of the price range Cardano has traded within since March 2022, aligning with $1.178.
• Meanwhile, the bull cycle target is a new all-time high of $6.30, a 2,461% rise from the current market price.
• For all of this to happen, $ADAmust remain above the $0.22 support area.

Cardano Still Perfect

This analysis comes from Celal Kucuker, who, in a recent X post, noted that the mid- to long-term outlook looks “absolutely perfect” for Cardano despite the short-term trend. While $ADAtrades near previous cycle lowsand over 90% down from its all-time high, the analyst maintains a bullish disposition.

An accompanying chart further highlights why this is so. Cardano has held above a key support area on the weekly chart, and the commentary believes this is positive. This demand zone lies around $0.221, where $ADAlast visited on February 6. Interestingly, other analysts view that move as a double bottom formation, targeting a massive rebound when conditions improve.

Furthermore, Kucuker’s chat shows a descending trendline emerging from the August 2025 high of $1.019. This neckline resistance has suppressed $ADA’s price from the high until recently. The analyst noted that a breakout occurred on the daily chart when the coin rallied to the intraday high of $0.268 on April 17.

While that momentum has not sustained, the compression from the trendline and the horizontal support lower suggests that a breakout is on the horizon.

$ADAMid- and Long-Term Targets

The analysis suggests that these bullish setups are why the current consolidatory trend might be temporary. As such, Kucuker recommends patience, claiming that it will come with great reward. Additionally, he highlighted mid- and bull cycle targets for $ADAwith this setup.

The midterm target is the upper band of a price range that Cardano has traded within since March 2022. The area aligns with the $1.178 price mark, representing a 379% surge from the current price of $0.246.

Meanwhile, the bull cycle target is a new all-time high of $6.30,a 2,461% rise from the current market price. This target aligns with the tip of a multi-year ascending channel on the weekly chart.

Notably, for all of this to happen, $ADAmust remain above the $0.22 support area. Falling below weakens the setup and paves the way for further price decline.

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