The analysis focuses on a short-term bearish corrective phase for ADAUSD, identified as the C-wave of an ABC correction using Elliott Wave theory and Fibonacci retracement levels. The current price is approximately $0.413. The immediate target for this corrective downturn is projected to be the 78.6% Fibonacci retracement level, precisely at $0.3876. Intermediate Fibonacci levels relevant to this decline include 50% at $0.419 and 61.8% at $0.401. Following the anticipated completion of this bearish C-wave, the analysis suggests a subsequent bullish impulse move, designated as wave (4) of a larger degree. This bullish phase is forecast to reach a target range between the 100% and 161.8% Fibonacci extensions of the preceding swing, spanning from $0.499 to $0.567, with $0.524 representing the 123.6% extension. The bearish market trend observed at the time of the analysis is predicted to continue to the $0.3876 target. This short-term bearish outlook would be invalidated if the price ascends above the previous B-wave peak, identified at approximately $0.485.