Cardano (ADA) is exhibiting bullish technical signals as it tests a crucial support level, suggesting a potential price reversal. A TD Sequential buy signal and a bullish RSI divergence on the daily chart indicate trend fatigue, with the $0.52 support level historically serving as a strong base for buyers.
Institutional confidence is reflected in whale accumulation data, showing large holders acquired 348 million ADA in early November. Analysts highlight key confirmation levels, including an RSI above 45 and a reclaim of the $0.58–$0.60 resistance zone, as indicators of a sustained upward trend.
Cardano (ADA) Signals Potential Reversal with Bullish Indicators
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