Cardano (
$ADA ) has been under heavy pressure, down around 60 percent from its October peak and still struggling as TVL and stablecoin supply decline. Even so, price action is starting to tell a different story ๐
On the fundamentals side, DeFi activity on Cardano has cooled. TVL has fallen sharply from its August high, stablecoin supply is shrinking, and futures open interest has dropped a lot. These signals show traders and users have been cautious, which explains the long downtrend ๐ด
However, the chart is flashing a potential reversal.
$ADA is forming a falling wedge on the daily timeframe, a pattern that often appears near the end of a downtrend. Momentum also supports this idea, as RSI is showing bullish divergence, meaning selling pressure is weakening โก
The key level to watch is around $0.39. A clean move above this area could confirm the breakout and open the path toward $0.51, which is roughly a 45 percent upside from current levels ๐
Why Cardano could be worth buying now ๐ค
Price is deeply discounted from its highs
Bullish reversal pattern is forming
Risk to reward favors buyers near support
If
$ADA fails to break out, downside risk remains toward $0.30. But for traders willing to take calculated risk, Cardano is shaping up as a rebound candidate rather than a clear sell ๐ฏ
#Cardano #ADA #ADA.ๆฏๆฅๆบ่ฝ็ญ็ฅ #ADAAnalysis