If we apply Elliott wave analysis to the ADAUSDT price movement, we will see very harmonious proportions.
It can be assumed that the ADAUSD price is currently at the stage of a correctional wave - 4 - and in order to continue its dynamic growth, it is not advisable for the ADA price to fall below $0.40-0.46. (despite the fact that it has already reached $0.465)
If this condition is met, then in the near future (Q1 2024), as part of the -5- impulse wave, the price of Cardano ADA will have every chance of crossing the $1-1.10 mark, or even higher.
As always, we are waiting for your thoughts in the comments below the idea.