Cardano Price Could Fall to $0.14 as Elliott Wave Expert Flags Another Potential Bottom

Elliott Wave analyst V has warned that Cardano has yet to reach its final bottom, raising the possibility of another decline if ADA breaks below a key technical support level. V identified Cardano as a strong candidate for a cryptocurrency that could establish a new low. Notably, he emphasized that a breakdown below the lower boundary of its ascending price channel could strengthen this bearish outlook. V’s accompanying chart shows Cardano trading within an ascending channel since it reached a low of $0.1384 in June 2026. The pattern consists of two upward-sloping trendlines, with the lower boundary providing support during previous pullbacks. However, ADA has recently approached this lower trendline after retreating from the $0.28 region in early October.

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