Cardano ABC Elliott Wave Correction Almost Complet
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Cardano ABC Elliott Wave Correction Almost Complete
Cardano appears to be entering the later stages of a multi-year corrective structure, with prices now approaching a support region.
Cardano (ADA) trades at $0.16, down a staggering 32% in the past month. According to recent monthly chart analysis, the trend is part of a broader ABC Elliott Wave pattern on the monthly chart.
Notably, the structure started to take shape after Cardano hit its peak price of $3.10 in September 2021. Specifically, Wave A took the price to a low of $0.23 two years later, before wave B saw a notable rebound to the December 2024 high of $1.32.
Now the final wave C is in motion and could be concluding soon. Meanwhile, this leg down has a 5-wave sub-trend. The first sub-wave took ADA to $0.50 in February 2025, then the second spurred a rebound to $1.02 in August 2025.
Wave (3), which has been the steepest decline, dragged Cardano to the previous cycle lows near $0.22. While much of the expected decline has already happened, the structure suggests the corrective phase may not be fully complete just yet.
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