One of the most prominent crypto analysts has sparked a new debate with a plan to buy cryptocurrencies. Cardano The market is pointing to a less optimistic picture in the short term.
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The analyst lays out wild upside targets
Cardano, according to Mr. Brownstone could be a great option for a once-in-a-lifetime buying chance If the price pattern follows a particular pattern. He highlighted sniper-entry points and sketched a move in five waves that, according to his chart would take ADA up into the three-digit range.
ADA was around $0.67 at the time of filing reports. It had risen 4% over 24 hours. This was after a drop of over 20% in the previous two weeks, and an October 10 flash crash near $0.27 at Binance.
Extremely High Wave Forecasts
According to the wave count of an analyst, ADA will first bounce back up to $0.91 and then drop to approximately $0.42. His third wave is $22.89. This number is a gain of 3,34% over the current price.
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Price targets in the future years will be lower if this trend continues.
🔷 Intermediate wave (3) =… pic.twitter.com/KgsTp6lapR
— Mr Brownstone (@GunsRoses1987) October 18, 2025
Then, the chart’s most extreme path would lead to a correction at $7.5 and a target of $167 based on the Fibonacci extension 1.38. The chart’s most extreme path points to the 1.61 extension at $572 — a projection that Mr. Brownstone ties to long-term cycles, with a possible arrival year of 2034, which is about nine years away from now.
His view is that a final deep dive near the $0.20 mark would be the catalyst for the whole structure. He suggests that a fall to about $0.20 — roughly a 70% drop from the market price at the time of his forecast — could happen in the first quarter of 2026.
The confidence in derivatives is lower
Today, however, market signals are in a very different direction. The reports have revealed that the futures market has been a disappointment. Open Interest According to Coinglass, the ADA market fell by over $112m, its lowest level since November 2024.
It is common for open interest to drop when fewer traders are taking new positions. At the same, traders’ participation was declining and short bets were on the rise. ADA was trading at $0.65 and had corrected almost 7% over the past week.
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There are big questions and even bigger targets
The picture as a whole isn’t very clear. Analyst’s scenarios offer huge numbers for upside: $22.89; $167.4 and an eyebrow-raising $572.4. These figures are based on an interpretation of the wave and on assumptions that there will be a strong, new buying spree after a low around $0.20.
This conviction is not supported by the market breadth or derivatives data. Short interest and participation are both lower, which typically indicate a weaker short-term trend.
The reports have both sides. A long-term plan that is vivid and data that supports caution for the moment. The math behind wave counts will be weighed against the real trading flows, and whether prices may remain subdued.
Gemini chart and featured image by TradingView
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Source: www.newsbtc.com
