Hey, crypto family! 🚨 Do you remember the brutal boom of Cardano (ADA) in 2020? Well, hold on tight, because a pro analyst just said that the chart is making the same "takeoff" move. Watch out, this is not a street rumor; it's serious technical analysis brought to us by Quantum Ascend. 📈

The Master Move: Cardano Revving Up

Here’s what you need to know, man:

This analyst, who knows what he is doing, has been reviewing the weekly chart of Cardano and says that the coin is about to finish a long "correction" (that is, a period of sideways or downward price movement) and that good things are coming.

The Numbers That Make Our Eyes Shine (Attention!):

  • Conservative Target: Between $4.88 and $5.50. This is the "safe" target that the analyst sees.

  • Main Target (The Bomb!): No less than $10.40. 🤯

How Does He Know This? It's Not Magic, It's Crypto Mathematics

The guy is not throwing darts; he is using a framework called wave analysis and is focusing on something he calls a triangular structure on the chart. Imagine that the price of ADA is moving within a funnel that is closing (the correction), and we are waiting for the last leg of that movement, the "wave E", before it bursts upward. 🚀

In addition to that, he is seeing a lot of confluence (when several analysis tools point to the same price). For the target of $10, he is using a super important Fibonacci extension (the famous 3.618) that coincides right in that area. And as if that wasn't enough, he even compared it to how Ethereum Classic moved before its big rise!

2020 Launch: The Déjà Vu Effect

The coolest part is the fractal pattern he found. A fractal is when an old price pattern repeats in the present. The current movement, according to him, structurally resembles the one ADA made just before its last big bullish run. It's as if history is repeating itself, but with steroids. 🔥

Watch Out for the Snapper! The Overall Perspective

Although the analyst is super bullish on altcoins like Cardano, he is not buying into the idea of an eternal "supercycle" for Bitcoin up to $400,000. He sees a maximum for BTC of $155,000, and says that ADA and the other altcoins will be the real stars in the final stretch of this bull market.

Think about this: to reach $10.40 from the current price, it would be an increase of "only" 25 times. It sounds like a lot, but compared to the increases of 75 and 168 times that Cardano made in previous cycles, it's even conservative!

Now, the question is for you: If ADA makes another "2020 Launch" and reaches $10, what part of your portfolio will you boost (take profits) and what will you do with that money? 🤔 Pay close attention, as the market is aligning.$ADA