Jan 9, 2026
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Crypto Analyst Predicts Cardano’s Potential Surge to $10 After Correction
Cardano (ADA) may be ending a multi-month corrective phase, similar to its 2020 setup, according to crypto analyst Quantum Ascend. This phase could indicate the final stage of consolidation rather than a downward trend.
Key Points
- Quantum Ascend's analysis suggests ADA is in the "E" leg of a wedge-like compression, which precedes potential price increases.
- Historical patterns show ADA establishing lower trendlines before significant price expansions, potentially leading to targets between $5 and $10.
- Comparisons with past altcoin cycles suggest that a 22X to 25X increase from current levels isn't unprecedented.
- Indicators show early signs of momentum shifts, with weekly RSI beginning to lift off lows.
- The MACD indicates a potential turning point with an "ABC" structure.
- Despite not holding ADA, Quantum Ascend expresses confidence in Cardano's future upside potential.
At the time of analysis, ADA was trading at $0.3925.
