Crypto analyst Joao Wedson (Alphractal) sees $ADA in a distribution phase, possibly dipping in the short-term but setting up for a strong rally by late October, potentially surpassing $3 if Bitcoin leads the market .
Recent on‑chain & technical signals include:
A double-bottom formed near ~$0.51–$0.53 with a neckline around $0.86, suggesting a 40% upside to that level, and eventual rally toward $1.20+ .
Bullish Elliott Wave and wave‑5 setup from analyst “Ben”, with target zone $1.70–$2.40 once $0.87–$1.18 resistance is cleared .
Another analyst projects an “ultra‑bullish” push above $1, stretching toward $1.83, perhaps later $2.40, echoing prior Nov–Dec 2024 highs .
More aggressive forecasts include up to 212% gain to ~$1.7 and even speculative targets of $100 ADA—though $100 seems unrealistic—mostly based on chart parallels and whale interest .
📅 Short‑term outlook: ADA may climb 8–12% to around $0.66–$0.72, given bullish daily momentum but with risks from weakening on‑chain activity .
📈 Mid‑term outlook (Q4 2025): Potential rally to $1.05–$1.20 as it breaks pattern necklines and resistance zones .
📊 Long‑term outlook (2026‑2027): AI-driven forecasts suggest ADA could average $0.99–$1.09 through 2025, pushing into $1.7–$2.0+ in 2026–27 .
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🔑 Summary Table
Period Key Levels & Targets
Short‑term ~$0.66–$0.72 (8–12% rally)
Mid‑term $0.86–$1.20 (after double‑bottom breakout)
Long‑term $1.70–$2.40+ (Elliott‑Wave and macro setups)
Bullish extremes $1.8–$3+ if momentum continues strongly
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Final Take 🧭
📌 Upside scenario: If ADA breaks above $0.86–$0.87 and Bitcoin maintains strength, expect moves toward $1–$2+ in the coming months.
⚠️ Downside risk: Failure to hold support (~$0.50–$0.60) or broader market weakness may stall the rally or cause retracement.