The near-term view is suggesting that the bigger correction against the all-time low unfolded as a zigzag structure where wave a ended at $1.817 low, wave b bounce ended at $2.405 high. While wave c ended at $0.220 low and with that the correction against all-time lows ended in wave (II) pullback. Up from there, rally higher is taking place in 3 waves so far suggesting a possible nest in the making where cycle degree wave I ended at $0.810 high. Down from there, the pullback in wave II ended at $0.291 & started wave III higher. Near-term, as far as dips remain above $0.291 low and more importantly above $0.220 low expect pair to resume the upside.
Cardano ADAUSD Daily Elliott Wave Chart 6.09.2025
