The Cardano price (ADA) fluctuates around $0.67, but according to an analyst the currency is facing a crucial turn. While many investors ignore ADA, he calls it “the buy of the century.”

Cardano price may crash first

The American analyst Mr. Brownstone shared his remarkable vision of Cardano on X. He calls the coin the bargain of the century and states that the token offers a unique opportunity for enormous profits. “Cardano’s opportunity could be life-changing,” the analyst said.

There is one caveat. Brownstone expects ADA to undergo another major correction in the first quarter of 2026, possibly to a low of $0.20. Compared to the current rate of $0.67, this would represent a decline of 70 percent.

Only after this low point would the price recovery start. The analyst bases this on the so-called Elliott Wave theory. This is a popular method of analysis that views markets as a series of waves, reflecting the psychological patterns of investors. In his prediction, Cardano would deploy a five-part upside structure, with ultimate price targets that exceed even the wildest dreams.

In his technical analysis, the analyst mentions the following levels:

  • First wave: $0.915
  • Third wave: $22.89
  • Fifth wave: $167.41

It must be said that the predictions cover a long period of time. According to his graph, wave five would occur around 2032, but would represent an extreme increase of almost 25,000 percent in seven years. For 2034, the analyst mentions an even higher price target of $572.41 per ADA. This amounts to an increase of 85,400 percent.

Analyst sees Cardano (ADA) exploding after 2026 according to Elliott Wave model. (Source: X/Mr Brownstone)

Is that realistic? Probably not. At such a price, Cardano’s total market value would be approximately $18.9 trillion. That’s about nine times larger than Bitcoin’s (BTC) current market cap, which is currently around $2.2 trillion.

Technical pattern hints at breakout above 1 dollar

A second analyst, active under the name RoccobullboTTom, is also optimistic, but sticks to a milder short-term forecast. He points to a symmetrical triangle in the chart, a pattern that often precedes a major breakout.

According to his analysis, Cardano can quickly break out to the top after a small correction towards the bottom of the triangle. His price target is around 1 dollar, an increase of almost 50 percent compared to the current price. “ADA will get back above $1 very quickly,” the analyst said.

Source: https://newsbit.nl/analist-cardano-kan-het-koopje-van-de-eeuw-worden/



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