I’ve noticed that Cardano is holding up pretty well, even though it’s in the red zone today. The current ADA price is around 0.25, and its market capitalization has surpassed 9 billion. Down over the past 24 hours, but not critically—the trading volume is around 8.85 million.



What I’m focused on: the RSI has fallen to almost 26, which is clear oversold territory. At the same time, the MACD is showing a bearish trend, but a classic bullish divergence is visible. If the sellers ease their pressure, a rebound could be possible. The trend looks bullish based on the signals, but the price is still weak—Cardano seems to be forming a short-term base.

Overall context: bitok is signaling a bottom of the market. If that’s true, ADA could be interesting at these levels. I’m watching in the next few hours to see what happens with volume.
ADA1.83%
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