Cardano (ADA) has slipped below the $0.22 mark, but crypto analyst Master Ananda continues to outline a potential recovery path for the token. In his latest chart analysis, the analyst projects that ADA could return to $1 in the coming months before testing progressively higher targets extending into 2027. The projection rests on technical patterns he has tracked through the token's extended downturn.

Cardano Price Retreats Toward $0.21

ADA fell to $0.2105 on Thursday before recovering toward $0.2169. The drop followed an earlier rise to near $0.28 and left the token trading below the $0.22 level. The recovery attempt after Thursday's low has so far been modest, leaving ADA well below the highs it reached earlier this month.

The decline extends a weak stretch that began in 2025. Ananda noted that consecutive losing sessions do not, by themselves, rule out a recovery, and he encouraged traders to follow their plans through periods of market stress.

On his three-day chart, ADA remains contained within a falling wedge pattern that developed during the token's prolonged decline — a formation that chartists typically watch for signs that selling pressure is fading, though it requires confirmation from subsequent price action. The chart tracks a retreat from above $1 toward $0.20 across 2025 and 2026.

Ananda also points to a rounded bottom that formed over roughly two months, a pattern technicians often read as a gradual shift in momentum from sellers to buyers. Within that structure, ADA climbed from $0.1384 in July toward $0.28 this month, although the latest round of selling has cut that advance short.

Separate reports on Cardano's lending activity have described new stablecoin products and changing yields across the network. Those developments do not, however, establish whether ADA has reached a lasting price bottom.

Why the Analyst Still Expects Higher Prices

Ananda's first projected level sits near $1.07, based on his Fibonacci chart, a widely used tool for mapping potential support and resistance zones during recoveries. He then identifies $2.06 and $3.248 as further upside targets, provided buyers regain control of the market.

A move to $3.25 would exceed ADA's all-time record near $3.10, set in September 2021, and would require a gain of roughly fifteen times the token's current price. The chart pattern alone does not guarantee those prices, and the token has yet to confirm a sustained rise.

The near-term question is whether buyers can defend the $0.21 area and reclaim $0.22. A recovery toward $0.28 would test the upper end of the token's recent rebound. For context, the July low near $0.1384 and this month's high near $0.28 now mark the boundaries of the token's recent trading range.

Regulatory Backdrop

The Cardano Foundation's recent request for clearer US crypto rules centers on how regulators define digital commodities — a classification that shapes how a token is treated under US law. That request remains a proposal and offers no immediate confirmation for Ananda's forecast.

This week, the Foundation also responded to proposed EU crypto rules, addressing provisions related to staking and decentralized services. Neither that statement nor the US filing establishes a direct cause for ADA's recent price movements.

Ananda cautioned that traders should prepare for losses as well as gains and avoid impulsive decisions.

Source: CoinCentral