Automatic wave scan: as of 5 Nov 2026, the automatic daily count for Cardano is Wave 5 down with a bearish bias. The count stays valid while price holds 0.25950.
Current Cardano wave count
Automatic wave scan Updated daily from the latest daily close (5 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 0.23210 on 8 Sep 2026. Next levels to watch are 0.16495 and 0.15378. The count fails on a daily close above 0.25950.
Key levels
| Type | Levels |
|---|---|
| Resistance | 0.25950 · 0.22380 |
| Support | 0.17120 · 0.15330 |
| Invalidation | 0.25950 |
What is Cardano?
Cardano launched in 2017 and was founded by Charles Hoskinson, a co-founder of Ethereum. It uses a proof of stake system called Ouroboros, which was published as an academic paper. The network added smart contracts in 2021.
ADA is the network's coin. Its maximum supply is 45 billion ADA. Holders can stake ADA through stake pools to earn rewards without locking their coins.
What moves the Cardano price?
- Development milestones: Major upgrades, such as the move to community governance, can change sentiment.
- App and DeFi activity: Growth in apps and stablecoins on Cardano supports demand.
- Staking participation: A high share of ADA is staked, which reduces the coins available to trade.
- Crypto market trend: ADA usually follows the broader market and moves more than Bitcoin in percentage terms.
- Retail sentiment: ADA has a loyal retail base, so community news and social media can affect price.
How Cardano moves in Elliott Wave terms
Cardano has shown long, grinding corrections that often take the shape of zigzags or double threes, followed by strong impulsive rallies. In the 2022 bear market ADA lost more than 90 percent from its 2021 high, a reminder that corrections in smaller coins can be extreme.
Watch the 61.8 percent retracement level of prior rallies. ADA has often reversed near this area during uptrends.
Tips for counting Cardano waves
Use the weekly chart to see the full cycle. Avoid assuming a new impulse until price breaks the last lower high with momentum.
Cardano key facts
Cardano Elliott Wave FAQ
Who created Cardano?
Cardano was founded by Charles Hoskinson, who also co-founded Ethereum. The company IOHK (now Input Output) built much of it.
What is the maximum supply of ADA?
The supply is capped at 45 billion ADA.
Why are Cardano corrections so deep?
ADA is a smaller and more speculative asset than Bitcoin, so selling in bear markets can remove most of the prior rally.
Sources and further reading
- Cardano documentation (Cardano)
- Ouroboros research paper (IACR Cryptology ePrint Archive)
- Cardano (blockchain platform) (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
