Cardano (ADA) is trading at $0.82, experiencing a 4.4% decline over the past 24 hours. However, technical indicators suggest a potential bullish reversal. ADA is near the lower Bollinger Band, and its RSI is at 37.04, indicating oversold conditions. A price move above $0.8465 could confirm upward momentum. In a significant development, the newly launched $1 billion Digital Gold Coin Fund 1 has identified ADA as one of seven undervalued Layer-1 blockchains, setting a fair value target of $6 per coin. Analysts are optimistic about ADA reaching $0.9 soon, supported by positive historical trends in October and a 1.96% price increase this month.