Analyst Predicts Wave 3 Will Smash Cardano Through Previous All-Time High

Forget sideways trading—one analyst sees Cardano gearing up for a parabolic move that could shatter its previous price ceiling.

The Elliott Wave Case for ADA

The theory hinges on Elliott Wave principles, suggesting the asset is completing a corrective Wave 2. What comes next, according to the forecast, is a powerful, impulsive Wave 3 rally. In classic Elliott Wave fashion, Wave 3 is often the longest and strongest, famous for catching the majority of the market off guard.

Target: Beyond the Old Peak

The core prediction is straightforward: this anticipated Wave 3 will propel Cardano's price not just toward, but decisively through its prior all-time high. The implication is a breakout that could redefine the token's valuation range entirely, leaving its old record in the dust.

Timing the Next Leg Up

While the analysis paints a bullish structural picture, it stops short of pinning a specific date or price target to the prediction. The focus remains on the wave pattern's completion as the key catalyst for the next major leg up.

If the pattern holds true, ADA's chart could soon be the one making headlines—offering a potential masterclass in how crypto assets can go from 'stagnant' to 'stratospheric' while traditional finance is still debating yield curves. Just another day in the volatile, pattern-driven world of digital asset speculation.

Cardano could rally to unprecedented price marks spurred by bullish technical setups and a treasury-backed stablecoin expansion. A TradingView analysis by “Migoreng_wrap” identified bullish potential for Cardano, tipping the altcoin to recover from recent consolidation.

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