Reasons to trust
Strict editing policy focusing on accuracy, relevance and fairness
Created by industry experts and meticulously reviewed
The highest standard for reporting and publishing
Strict editing policy focusing on accuracy, relevance and fairness
The soccer price for the Lion and Player is soft. I hate each of my arcu lorem, ultricy kids, or ullamcorper football.
Cardano (there) It has maintained a relatively stable upward trend over the past few weeks. Cryptocurrency was again rejected at a price level of $0.84 last week, but the current price measure remains strong with a slight decline in the past 24 hours. However, technical analysis deeply rooted in Elliott Wave theory now suggests a sudden price. It could be that decline is imminent for the ADA. The price target is pointed to as low as $0.42 over the next few weeks.
Bearish Elliott’s wave count says the waves are breaking down first.
According to Elliott’s wave count Presented in technical analysis In TradingView, Cardano (ADA) now appears to envelop the B-wave corrections that have formed over the past few months from April to June 2025. Elliott Wave Theory It suggests that the final C-wave is just a trap before crashing.
Related readings
Based on this forecast, Cardano prices could soon begin to begin a sharp decline that bottoms near the $0.42 region.
According to this number of waves in Elliot, This ABC formation It is part of the larger corrective wave 4 before bull wave 5. With this in mind, the forecast stipulates that ADA should not fall below $0.40. Lower travel risks disabling a wider long-term setup.
Is it time to leave Cardano?
If the technical analysis is deployed as predicted, the forecast crash to $0.42 will translate to a 50% drop from Cardano’s current price. This will definitely sound bad, especially for short-term holders. But this bearish wave can also be a hidden opportunity.
Related readings
As shown in the ADA 4H Candlestick chart above, the projected Wave C crash follows $0.42 followed by a bullish impulse wave 5, again surpassing the $1 mark. Specifically, the goal is to push to $1.6. With this in mind, if your ADA is actually suitable for $0.42-0.40, it will provide a good accumulation zone before your next leg rises.
This bearish prediction is well supported by Elliott’s Wave principle, but is by no means a guaranteed outcome. The ADA and other large market cap cryptocurrencies are currently highly responsive to Bitcoin price action. For Bitcoin Extend the rally and take a break Soon it will once again be a new all-time high, with projected ADA corrections likely to be muted or completely invalidated. So it would be interesting to see how ADA price action is I’ll be playing in the next few days.
At the time of writing, the ADA has fallen 0.2% over the past 24 hours, trading at $0.7706.
Adobe Stock featured images, charts on tradingView.com
