Cardano (ADA) is trading around $0.45 after a steady 24-hour climb, extending a short-term rebound from this week’s lows. The move follows a fresh SuperTrend buy signal, coming just as traders turn their attention to Cardano’s key support zone and several major catalysts lined up for December.
As earlier reported by BanklessTimes, December includes the Midnight launch, the NIGHT airdrop, and a network-wide budget vote that could influence sentiment across the ecosystem.
Cryptocurrency analyst MoreCryptoOnline noted that ADA pushed above late-November highs, but the broader structure still doesn’t confirm a long-term bottom. The focus now sits on the micro Fibonacci support area between $0.387 and $0.419, where analysts believe a higher low would strengthen the case for a trend shift.
Cardano is currently trading around $0.452, up about 1.7%, with daily volume down 20% to $766 million. This dip in participation suggests cautious buying. ADA is still nearly 70% below its year-to-date high, indicating a long road to sentiment recovery.
Meanwhile, analyst Ali_Charts flagged the first bullish SuperTrend print in months. While the indicator suggests fading downside momentum, the setup typically requires stronger volume to confirm that sellers are losing control. Without that, the signal marks early interest, not a completed reversal.
Technically, the ADA price is approaching a decisive moment. Defending the $0.387–$0.419 range keeps the bullish argument alive and creates room for a higher low, something Cardano has failed to establish during previous bounce attempts.
A breakdown below this zone would shift attention back to the broader $0.32–$0.44 region, where the token has historically found support.
The immediate test is at $0.46–$0.47. A move above this range could confirm short-term momentum and lead to $0.50–$0.55, which saw heavy selling before. Without a break, ADA is in a fragile recovery phase.
For now, much depends on whether bulls can hold the micro support zone and convert the SuperTrend signal into sustained strength. If buyers protect $0.387–$0.419, ADA could attempt a move toward the mid-$0.50s. If not, the $0.32 becomes the next major downside target.
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