🚀 $ADA

Price Update: Is Cardano Forming a Triangle Ahead of the Next Breakout?

Cardano ($ADA ) is showing relatively slow price action compared to other cryptocurrencies. While many assets have already dropped below Thursday’s lows, ADA has held steady—an initially bullish sign, but it might also indicate the market structure is evolving or entering a different corrective pattern.

🔎 Current Price Action: Sideways or Triangle?

The chart suggests ADA is moving sideways, potentially consolidating into a triangle pattern. What began as a clear A–B–C pullback now seems extended. The initial move down was a five-wave decline (likely the A-wave), followed by a corrective bounce. However, the latest upward move looks too short to be a full C-wave, implying we might be inside a B-wave extension.

🌀 Why B-Waves Can Be Tricky

B-waves often display complex patterns—zigzags, flats, or triangles. At present, ADA could be forming a flat correction within the B-wave. If it turns into a triangle, all sub-waves should be corrective, which conflicts with the earlier five-wave decline. This means traders should stay adaptable until the structure clarifies.

📉 Key Support Zone

ADA continues to hold support between $0.812 and $0.883, which remains a critical range to watch.

📈 What’s Next?

If sideways consolidation persists, ADA may bounce higher within this B-wave—this is not bearish. A stronger B-wave bounce raises the likelihood of a higher low forming on the next decline. After the correction completes, the next significant upside target is between $1.13 and $1.18.