Market analyst Quantum Ascend forecasts a significant rally for Cardano (ADA), predicting a potential rise to $10.40 as the cryptocurrency nears a bottom. His analysis suggests that ADA's current corrective wave is concluding, with a bullish E-wave expected to propel the price to new heights. Currently trading at $0.39, even a conservative estimate sees ADA reaching $5, marking a substantial increase. Quantum Ascend draws parallels between the current market conditions and the 2020 correction, noting similarities in ADA's price movements. He highlights technical indicators such as the weekly Stochastic RSI and MACD, which suggest a reversal is imminent. The Stochastic RSI is showing patterns that historically preceded price rallies, while the MACD indicates bearish exhaustion, supporting the potential for a bullish breakout.