A well-known crypto commentator has set off fresh debate by laying out a dramatic buy plan for Cardano (ADA), while market data points to a more cautious near-term picture.
Analyst Lays Out Wild Upside Targets
According to Mr. Brownstone, Cardano could offer a once-in-a-lifetime buying chance if price action follows a specific pattern. He highlighted sniper entry points and sketched a five-wave move that would, on his chart, lift ADA into three-digit territory.
At the time reports were filed, ADA had risen 4% in 24 hours and was trading around $0.67. That followed a pullback of more than 20% over the prior two weeks and a flash crash low near $0.27 on Binance on October 10.
Wave Forecasts That Aim Very High
Based on the analyst’s wave count, ADA would first rebound to about $0.91 before slipping back to roughly $0.42. The third wave in his sequence is shown at $22.89. That number represents a 3,34% gain from the then-current price.
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