An analysis said Cardano (ADA) remains weak in the short term but still has room for a strong rebound over the mid to long term.

On April 20 (local time), blockchain outlet The Crypto Basic reported that analyst Celal Kucuker said Cardano’s mid- to long-term outlook is close to perfect and set a bull-market target of $6.30.

Cardano is down more than 80 percent from this cycle’s high of $1.32. It is trading more than 90 percent below its all-time high (ATH), but Kucuker viewed its mid- to long-term structure as still optimistic even if the short-term trend is constrained.

The key basis is a support zone on the weekly chart. Cardano is holding above a demand zone around $0.221, the level last seen on Feb. 6. Some in the market also interpreted the move at the time as a double-bottom pattern. The view is that a sharp rebound is possible if conditions improve.

The resistance trend was also in focus. A chart presented by Kucuker marked a downtrend line extending from the August 2025 high of $1.019. That trend line has acted as neckline resistance, capping Cardano’s rise until recently. Cardano rose as high as $0.268 intraday on April 17 and broke above the zone on the daily chart.

The upward momentum did not continue, but expectations for a rebound were also bolstered by a structure in which the price remains compressed between an upper downtrend line and a lower horizontal support line. Kucuker mentioned that the current sideways move could be temporary and that a short wait could lead to a big reward.

A specific target was also presented. The midterm target is $1.178. That price aligns with the top of a range Cardano has moved within since March 2022. Based on the current price of $0.246, that implies 379 percent upside potential.

The bull-market target was set at $6.30. That would put Cardano at a new all-time high, and the target overlaps with the top of a multi-year rising channel on the weekly chart. The gain versus the current price is 2,461 percent.

For this scenario to hold, Cardano must defend support at $0.22. If it falls below that zone, the current bullish setup would weaken and the chance of further declines could rise. The market’s next focus is expected to be less on an attempt at a short-term breakout itself, and more on whether Cardano can hold the key support zone and maintain its mid- to long-term upward structure.

Cardano $ADA The mid to long term chart looks absolutely perfect. Patience will be rewarded. My bull run target for ADA is $6.30 A break occurred in the daily chart. pic.twitter.com/Eis60hsb31