As ADA starts to form a squeeze and consolidate, I believe it's at the tail end of the ABCDE correction, where we can all but expect to burst another short-term 12345 pattern, which in the long-run is possible for a new 3rd wave All-Time-High.
Need to see where ADA ends up in the next 48 hours, most likely in the 4800-5300 satoshi range.