The post Cardano Price Consolidates Before Potential Wave 3 Explosion appeared first on Coinpedia Fintech News

The Cardano price action has been at an interesting stage despite continuing to trade far below its all-time high of $3

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Elliott Wave Outlook Strengthens the Bullish Case

Adding depth to the bullish narrative, an early October X post reinforced optimism with an bullish ADA price forecast that aligns with Elliott Wave theory. 

The chart mapped ADA’s journey through previous market cycles, labeling 2024’s election rally as Wave 1 and 2025’s sideways movement as Wave 2 as an accumulation phase that is waiting for a powerful expansion move.

According to this wave structure, the upcoming Wave 3 is projected to drive ADA toward the $3.37 mark, typically considered the strongest phase of a bullish cycle. 

The extended consolidation period seen in 2025 strengthens this theory, suggesting that ADA has been quietly building momentum beneath the surface. 

Recent liquidation events may have served as a “shakeout,” removing short-term traders and clearing the path for longer-term holders to accumulate positions before a breakout.

FAQs

What is the price prediction for Cardano (ADA)?

Cardano’s price prediction suggests a potential rise to $1.90 or even $2.00 by 2026 if it successfully breaks out from its current long-term consolidation pattern.

Is Cardano a good investment?

Cardano shows a promising technical setup after a long consolidation, suggesting significant potential upside if it holds key support levels, though all crypto carries risk.