🔹 Cardano ($ADA ) – Wave 4 Correction Still in Play 🔹

📍 Current Status:

ADA is in Wave 4 correction within a potential diagonal pattern

Price reacted near 161.8% Fib extension of Wave 3, as expected

Current action suggests a corrective pullback (3-wave structure)

📊 Key Support Levels:

$0.761 – Wave 1 high; must hold to keep diagonal pattern valid

$0.751 – Ideal Wave 4 low for bullish scenario

$0.741 – B-wave low in Wave 3; break below increases deeper correction risk

$0.688 – $0.578 – Lower major support zone (alternative scenario target)

📈 Upside Targets if Wave 5 Starts:

$0.850 – $0.870 (178.6% – 200% Fib extension of Wave 3)

$0.890 possible if momentum exceeds expectations

📌 Scenarios:

Primary: Wave 4 ends in current region → Wave 5 rally toward $0.85–$0.89

Alternative: Break below $0.741 → deeper B-wave/D-wave, retest of $0.688–$0.578 zone before resuming uptrend

💡 Market Takeaway:

As long as ADA holds above $0.751, bullish continuation toward the $0.85+ zone remains probable. Loss of $0.741 support suggests a longer, deeper correction before the next leg higher.

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