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The structure reflects a textbook continuation pattern where ADA consolidates above key Fibonacci levels.
The final leg (wave E) of the triangle is projected to bottom near the $0.64–$0.54 zone, a region aligned with the 0.5 to 0.618 Fibonacci retracement levels. From there, bulls are expected to regain control, initiating a fresh impulsive wave.
However, analysts caution that a break below $0.5060 would invalidate the setup and favor a deeper retracement.
Cardano Founder Promises Speed Better Than Solana
Adding to the bullish narrative, Cardano founder Charles Hoskinson recently reaffirmed his long-term vision for ADA. In an interview with analyst Scott Melker, he stated that Cardano’s upcoming Leios upgrade will deliver “Solana-style speed with full decentralization.”
The claim comes as the network prepares to roll out a series of performance enhancements, including Hydra and Midgard, to increase throughput without compromising its decentralized structure.
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