🚀 $ADA Price Update: Is Cardano Forming a Triangle Before the Next Breakout?
Cardano ($ADA ) is currently showing slow price action compared to some other crypto charts. While several assets have already made lower lows relative to Thursday’s dip, ADA has not yet followed. At first glance, that might look bullish—but it could also mean that the market structure is extending or morphing into a different corrective pattern.
🔎 Current Structure: Sideways or Triangle?
Looking at the chart, the price seems to be moving sideways, possibly consolidating into a triangle pattern.
We were initially tracking a clean A–B–C pullback, but the structure now looks like it’s extending.
The first move down is clearly a five-wave decline (suggesting it was likely an A-wave).
After that, we did see a corrective bounce, which fits the expectation.
However, the latest move does not look long enough to be a proper C-wave—so we might just be inside a B-wave extension.
🌀 Why B-Waves Are Tricky
B-waves are often the messiest waves in Elliott Wave Theory—they can appear as zigzags, flats, or triangles. Right now:
It could be forming a flat correction inside the B-wave.
Alternatively, if it morphs into a triangle, we’d expect all sub-waves to be corrective, but since we already saw a five-wave decline, that doesn’t perfectly fit.
This means traders should stay flexible with expectations until the structure becomes clearer.
📉 Key Support Zone
The support range remains unchanged:
$0.812 – $0.883
So far, ADA has been holding this level, which is encouraging.
📈 What’s Next for ADA?
If the sideways consolidation continues, we may see another bounce higher within this B-wave.
This wouldn’t be bearish—in fact, a higher B-wave bounce increases the chance of a higher low forming in the next move down.
Once this corrective pullback completes, the next major upside target sits between $1.13 – $1.18.