Derived from Blockchainreporter, Cardano (ADA) is showing potential reversal signals as its price tests a key support level. Traders have identified a TD Sequential buy signal and a bullish RSI divergence on the daily chart, suggesting trend fatigue and a possible reversal. Analysts note that the $0.52 support level has historically acted as a strong base, with buyers consistently stepping in. Whale accumulation data also indicates institutional confidence, with large holders accumulating 348 million ADA in early November. Key confirmation levels include RSI above 45 and a reclaim of the $0.58–$0.60 resistance zone.
Cardano (ADA) Shows Bullish Technical Signals Amid Support Test
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