Cardano (ADA) Poised for a 2,000% Surge? Analyst Identifies 'Clean Fractal' Pattern

Crypto market analyst Quantum Ascend has identified a compelling fractal pattern between Cardano (ADA) and Ethereum Classic (ETC) during its 2021 bull run. Utilizing Elliott Wave theory and Fibonacci extensions, the analyst suggests that ADA could replicate ETC's dramatic rise, potentially achieving a 2,000% increase from its current valuation. Conservative price targets are estimated between $4 and $5, with more bullish scenarios projecting values from $10 to over $12. This analysis echoes earlier predictions, such as a Brave New Coin article at the beginning of the year, which highlighted a similar fractal pattern indicating a possible 900% upside for ADA based on historical price structures. Adding to the optimistic outlook, TradingView analyst Arman Shaban recently observed short-term bullish indicators, including order block formations that could signal a 121% rally in the near term. The convergence of these analyses suggests a potentially significant upward trajectory for Cardano, drawing attention from investors and traders alike.