$ADA – Elliott Wave & Fib Retracement on 4hr Chart

Cardano (ADA) appears to have completed a clean 5-wave impulsive move, topping out just above $0.75. Currently, it’s entering a corrective phase, with early signs pointing toward an ABC correction.

Key level to watch: $0.699 – the 0.618 Fibonacci retracement of the recent wave 5 rally. This level often acts as strong support in bullish structures.

If bulls hold this zone, Price may establish a higher low and prepare for the next upward push. A breakdown below this level, however, could invalidate the wave count and shift sentiment short-term bearish.

KEY LEVELS 🔑

Support: $0.699 (0.618 Fib)

Break & hold above: $0.74 could reignite momentum

Below $0.69 : Eyes on $0.66 - $0.64 zone