Elliott Wave Insights Hints Cardano Price Wave 3 Breakout to $40

Cardano price suffered has suffered a harsh reversal, falling for two consecutive days, and moving into a technical bear market. After soaring to $0.6897 on Monday, ADA has dropped by 23% and is trading at its lowest level since November 10. Still, some analysts believe that Cardano has more upside, with one expert predicting a 7,400% jump to $40, based on Elliot Wave analysis.