In the volatile world of cryptocurrency, few assets command the intellectual depth and long-term vision of Cardano ($ADA). As Bitcoin and Ethereum dominate headlines, $ADA’s methodical evolution—fueled by its proof-of-stake protocol and ongoing upgrades like the Chang hard fork—positions it as a sleeper hit in the altcoin arena. A fresh technical breakdown shared by renowned Elliott Wave analyst XForceGlobal has ignited fresh optimism, painting $ADA as a top contender for explosive gains in the coming cycle.
The analysis dissects $ADA’s multi-year chart through the lens of Elliott Wave Theory, identifying an “expanding diagonal” pattern—a rare, high-conviction setup that typically precedes parabolic moves.
$ADA
— XForceGlobal (@XForceGlobal) November 29, 2025
Probably the top of my tier-2 list if this Expanding Diagonal plays out. There is really no other way to count a bullish count without being too subjective/creative. This would be the best approach in my opinion – and it's super bullish if played out. pic.twitter.com/PRA1sXEavK
Wyckoff Accumulation Strengthens the Bull Case
Unlike standard impulses, this formation widens with each wave, suggesting escalating momentum as sellers exhaust and buyers consolidate power. XForceGlobal argues this is the most objective bullish count available, dismissing overly creative alternatives. If validated, it could propel $ADA from its current consolidation around $0.35 to Fibonacci extensions at $4.90 (1.618 level) or even $100 in extreme scenarios, aligning with historical post-diagonal surges in assets like Bitcoin. Layering in Wyckoff Method insights adds further conviction.
Key Targets, Risk Levels, and Elliott Wave Validation
The chart highlights an accumulation phase since mid-2022, marked by subtle buying during price dips, followed by a “spring” test in October’s wick low. Labels denote phases: Preliminary Support (PS), Selling Climax (SC), and Automatic Rally (AR), culminating in a secondary test (ST). This distribution-to-accumulation shift implies smart money positioning for the markup phase, where prices rocket amid retail FOMO. The analyst’s tier-2 ranking underscores $ADA’s edge over flashier peers, thanks to its scalability roadmap and growing DeFi ecosystem on the Cardano network. Yet, risks loom.
Market Catalysts and What Traders Should Watch Next
A failure below the $0.30 support could invalidate the count, triggering a deeper correction to $0.20. Broader market dynamics, including U.S. regulatory clarity post-election and ETF inflows, will be pivotal. Still, with on-chain metrics showing rising active addresses and stake pool growth, $ADA’s fundamentals sync perfectly with this technical narrative. For investors, this isn’t just chart gazing—it’s a call to vigilance. As XForceGlobal notes, “decision time is upon us soon.” In a market craving narratives beyond hype, Cardano’s blend of science and speculation could redefine altcoin leadership. Watch for a clean wave-3 breakout above $0.50 to confirm the bull thesis.