Cardano Price Could Fall to $0.14 as Elliott Wave Expert Flags Another Potential Bottom

Elliott Wave analyst V has warned that Cardano has yet to reach its final bottom, raising the possibility of another decline if $ADA breaks below a key technical support level.

V identified Cardano as a strong candidate for a cryptocurrency that could establish a new low. Notably, he emphasized that a breakdown below the lower boundary of its ascending price channel could strengthen this bearish outlook.

Cardano Risks Falling to $0.14

V’s accompanying chart shows Cardano trading within an ascending channel since it reached a low of $0.1384 in June 2026. The pattern consists of two upward-sloping trendlines, with the lower boundary providing support during previous pullbacks.

However, $ADA has recently approached this lower trendline after retreating from the $0.28 region in early October. At the time of the analysis, it traded around $0.217, placing it near a critical support area.

Moreover, V’s chart projects a potential decline toward $0.14 if $ADA decisively breaks below the channel. He marked this level as “confirmation,” suggesting that a deeper correction could validate the bearish scenario.

Despite this outlook, V indicated a willingness to buy $ADA again if the cryptocurrency establishes another low.

Previous Drop to $0.14

For context, Cardano last traded around $0.14 in late June 2026, when its price plunged to approximately $0.1384. Rising tensions within the ecosystem, including reports of founder Charles Hoskinson taking a short break from the project, contributed to the market uncertainty surrounding $ADA.

Cardano subsequently recovered from that low, climbing toward $0.28 this month before retreating alongside the broader cryptocurrency market.

Although some market participants may believe $ADA has already experienced the worst of its downturn, V’s analysis suggests that a breakdown below the ascending channel could trigger another decline toward the June low.

Ali Martinez Also Warns of a Cardano Breakdown

Meanwhile, V is not the only analyst anticipating further downside for Cardano. Market analyst Ali Martinez has also issued a warning that $ADA could face a deeper correction.

He noted that Cardano traded within a rising parallel channel from late June, climbing from $0.138 to a high of $0.282. However, he indicated that $ADA had broken below the channel’s lower boundary following the token’s drop below $0.22, signaling that a correction could be underway.

Martinez further identified $0.220 as a key resistance level. As long as $ADA remains below that threshold, he projects that $ADA could face a roughly 20% decline toward $0.166.

In the meantime, it remains uncertain whether $ADA could experience a significant downturn below $0.20.