As Cardano (ADA) struggles to claim the crucial $1 mark, technical indicators suggest the token may be entering a critical phase that could see it target a record high of $6. The analysis by Master Ananda is based on ADA’s weekly timeframe chart, where the token has been trading above key moving averages, EMA55, EMA89, and MA200, for seven consecutive weeks. In a TradingView post on September 2, the analyst noted that this sustained action above major support levels reflects weak bearish pressure, allowing bullish momentum to dominate. Even during recent red weeks, sell volume has remained low, while bullish buying interest has held firm
source: https://finbold.com/analyst-sets-date-when-cardano-ada-will-trade-at-6/