Elliott Wave Insights Hints Cardano Price Wave 3 Breakout to $40

Quick Summary:

Cardano price suffered has suffered a harsh reversal, falling for two consecutive days, and moving into a technical bear market.After soaring to $0.6897 on Monday, ADA has dropped by 23% and is trading at its lowest level since November 10.

In his base case, he believes that ADA could jump to $10, implying a 1,786% increase from the current level.

His most optimistic scenario is where Cardano token jumps to $40, which is 7,400% higher than the November 13 levels.

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Author / Journalist: crispus

Category: Crypto

Markets: India

Topics: ADA price Price Analysis Cardano

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:56:05 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 23570269

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