How Low Will Cardano Plunge? Analyst Predicts Final Crash Before Recovery!

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How Low Can <a href="https://inrusdinr.in/ada-usd/">Cardano</a> Go? Analyst Maps Final Crash Before Resolution

Following over a month of continuous price decline, Cardano (ADA) is nearing a crucial turning point, as suggested in an analysis published on June 18 by crypto analyst Quantum Ascend (@quantum_ascend). This new assessment indicates that the final phase of a potential five-wave Elliott pattern could be underway, with a significant resolution soon approaching.

How Low Can Cardano Crash?

The analyst noted that they had accurately identified the second wave we’d descended into earlier, but it only briefly rebounded. He now anticipates a larger downward trend, suggesting this could develop into a five-part movement – a one, two, three, four, and potentially a fifth wave – as he scrutinized the one-day chart of ADA.

The pessimistic view primarily revolves around the Fibonacci convergence point. Quantum Ascend highlighted that Cardano (ADA) is presently close to the 0.702 retracement level, and the 0.786 level is just below it—both significant zones frequently linked to more substantial corrections in Elliott Wave theory. He suggested that it’s reasonable for us to anticipate a drop down to this region at the very least.

Although the current technical details appear bleak, the analyst remains confident that there’s been no fundamental harm so far – at this point in time. Essentially, he suggested that as long as we manage to maintain the $0.51 level, everything seems fine; it’s not an issue worth worrying about, is it?

Despite a more optimistic outlook, the broader situation is less hopeful: “We require a slight boost for Bitcoin or perhaps Ethereum, something positive. We need some favorable news to arrive soon to ease things slightly, as the market has been losing value… for over a month straight.

Since early May, ADA has struggled to keep pace with its competitors, and both sentiment and price have taken a hit. However, Quantum Ascend advised viewers not to panic due to the current downtrend, instead viewing it as a chance for dollar cost averaging. “It’s just an opportunity,” he stated, before acknowledging the fatigue felt by long-term holders. “I understand your feelings, QA,” he continued, “I too have been dollar cost averaging for seven months now. I feel you.

Instead of rushing to sell in a panic or constantly worrying about short-term fluctuations, the analyst advised taking a step back and exercising patience. He suggested, “Go enjoy yourself, it’s lovely, it’s summer. Go do something else, anything else. But rest assured, this situation will resolve itself and alt season is approaching.

Regarding the temporary downturn in the chart, he still maintains a strong belief in the long run. Essentially, he’s saying that there’s no sign of World War III and he has never been more certain about his beliefs.

As ADA appears to be nearing the end of its corrective phase and the wider market is looking for a trigger, everyone’s focus has shifted towards whether the support levels will hold or if Cardano might fall further before the anticipated resolution occurs.

At press time, ADA traded at $0.6158.

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2025-06-18 15:52