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Kardano (there) It has maintained a relatively steady upward trend in the past few weeks. Although the cryptocurrency was rejected at the price level of $ 0.84 again last week, the current price is still strong with a slight decrease in the past 24 hours. However, technical analysis is deeply rooted in the Elliott wave theory now indicates a sharp price The decrease can be waving on the horizon in ADA, With the target signal to $ 0.42 in the coming weeks.
Elliott Wave Count says the wave collapse is forward
According to the number of Elliot wave Preceded On TradingView, Cardano (ADA) seems to be currently concluding the correction of the wa wave that has been formed during the past months between April and June 2025. This wa wave is part of a larger corrective stage, and although it may appear flowing on the minimum time frame, Elliot wave theory It indicates that it is just a trap before the final wa wave crashes.
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Based on these expectations, the price of Cardano can soon start a sharp decrease that will come out near the $ 0.42 region, which coincides with the level of re -stress 0.786 Vibonacci from the previous motivation.
According to this, the number of Elliot wave, This ABC formation It is every part of a larger corrective wave 4 before the ups of 5 ups. Taking into consideration, the prediction stipulates that Ada should not decrease to less than $ 0.40, which represents the upper part of the first main wave in the total bullish structure. Less step will risk nullifying the broader long -term setting.
Is it time to get out of Cartano?
If technical analysis is operated as expected, the expected collapse will be translated into $ 0.42 to a 50 % decrease from the current price of Cardano. This will undoubtedly be bad, especially for short -term holders. However, this pipe wave can be a hidden chance.
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As shown in the Candlestick Ada 4H chart above, the expected Cave C.break will be followed to $ 0.42 with a up -to -boster 5 -ritual wave that will push it on the $ 1 sign. Specifically, the goal is to pay about $ 1.6. With this in mind, if ADA is already correcting about 0.42 – 0.40 dollars, it will save a good accumulation area before Up.
Although these descending expectations are well supported by Elleott Wave principles, they are not a guaranteed result in any way. ADA and other large encrypted currencies in the market are currently interacting with the movement of Bitcoin. If bitcoin It extends its gathering and breaks it In new levels ever again soon, the ADA correction may be either silent or completely null. As such, it will be interesting to know how ADA prices work He plays in the next few days.
At the time of this report, ADA is trading at $ 0.7706, a decrease of 0.2 % over the past 24 hours.
Distinctive image from Adobe Stock, Chart from TradingView.com
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