Cardano (ADA) has been grinding through some serious turbulence lately, but one popular Elliott Wave analyst is asking the question everyone wants answered: Can it rally from here?
Sponsored
While tech stocks are actively draining the crypto market liquidity on Thursday, Cardano (ADA) is taking a step forward with the 11.9% upswing since hitting the cycle low at $0.1486 on June 6, 2026, according to SoSoValue.
In a fresh video breakdown, @Morecryptoonl dives deep into the charts and lays out a technical case that suggests the worst might be behind us — or at least that a meaningful bounce could be on the menu.
The Wave Count Drama
Elliott Wave theory is all about spotting those repetitive patterns in price action. According to the analysis, ADA appears to have completed a corrective phase. We’re potentially looking at the end of a bigger down-move, with the next impulse wave (the fun, upward one) ready to kick in.
Key ADA price levels are being watched closely. If Cardano’s price holds above certain support zones and starts showing bullish structure (higher highs and higher lows), the setup could flip from “bearish grind” to “LFG.”
Why This Matters Right Now
Cardano (ADA) has been one of those “forever building” projects that sometimes feels like it’s stuck in neutral while the rest of the market rotates. But technical setups like this don’t care about fundamentals in the short term — they care about probability and structure.
A clean break higher could pull in momentum traders, short squeezes, and that sweet retail FOMO we all love (and fear).
Of course, nothing is guaranteed in crypto. If ADA fails to hold key supports or gets dragged down by broader market weakness, the bearish count could still play out toward lower targets.
Elliott Wave isn’t magic — it’s a tool. And right now, it’s flashing a possible “this could be the bottoming process” signal.
Bottom Line For ADA Holders
Cardano’s Elliott Wave chart is giving traders something to get excited about: a potential shift from correction to rally mode. Whether it actually plays out depends on price action confirming the count in the coming days and weeks.
For long-term Cardano (ADA) holders who’ve been patient (or painfully bag-holding), this analysis offers a glimmer of technical hope. The setup looks constructive… but as always in crypto, confirmation is king.
Will Cardano actually rally from here? The waves are whispering “maybe.” The market will decide.
Discover DailyCoin’s hottest crypto scoops right now:
Cardano Drops SecondFi, Pivoting To Multi-Chain Spending
DTCC Chose XLM: Stellar CEO Gives The Inside Story
