Cardano Price Recovery Hopes Rise as Analyst Sees Potential End to Correction

The cryptocurrency market has been experiencing a downturn for several months now, with Cardano's price being no exception. However, a growing argument suggests that the worst may already be behind it.

Analyst Mr. Brownstone pointed out on social media platform X that there is a legitimate chance the February 2026 low marked the end of a larger corrective phase. His view is based on Elliott Wave structure, specifically the idea that a PRIMARY WAVE (2) may have completed at that low.

The Cardano price chart shows a significant pivot around $0.22, where the price reacted quickly and bounced from it. Since then, the fall has slowed down, and ADA has begun to establish a range rather than continuing to plummet lower.

For confirmation of this bullish pattern, the Cardano price must reclaim $0.74. Until then, this is a developing pattern and not yet a reversal.