Cardano trades at $0.466 as RSI divergence and a TD Sequential 9 signal emerge. Whale selling and exchange outflows add mixed pressure.Cardano trades at $0.466 as RSI divergence and a TD Sequential 9 signal emerge. Whale selling and exchange outflows add mixed pressure.

Is Cardano (ADA) Set for a Comeback? Key Buy Signals Light Up

2025/11/20 12:15

Cardano (ADA) is showing early signs of a potential short-term shift. At the time of writing, the asset traded at $0.466, with a slight drop in the last 24 hours and an 18% decline over the past week.

While pressure on the asset remains, recent indicators suggest a pause in the current downtrend.

Technical Signals Show Change in Momentum

Analyst Ali Martinez reported a bullish divergence between ADA’s price and the Relative Strength Index (RSI). The price has continued to post lower lows, but the RSI is rising. This divergence may reflect a loss of selling strength.

A TD Sequential “9” buy signal has also appeared on the daily chart. These setups are often monitored for early trend shifts. Martinez commented, “A rebound is coming!” as long as the divergence remains intact.

In addition, ADA is trading slightly below its 4-hour 9-period simple moving average (SMA), which stands at $0.47. The asset has moved sideways since mid-November, narrowing its range. This shows that momentum remains weak but stable.

ADA price chartSource: TradingView

The MACD line has moved above the signal line, and the histogram has reversed to positive. Though the signal is still forming, it implies that the latest sell-off might be losing its strength.

On-Chain Flows Remain Negative

Recent on-chain data shows continued outflows from spot exchanges. On November 19, net outflows totaled $1.80 million, according to CoinGlass. Traders appear to be withdrawing ADA from exchanges, possibly for long-term holding.

Cardano (ADA) price chartSource: CoinGlass

Despite these outflows, ADA’s price has continued to fall. This trend points to weak demand, with buyers not stepping in despite the lower available supply. Outflows alone have not supported a recovery in price.

Sentiment and Whale Activity Remain Mixed

Platform data from Market Prophit shows that public sentiment toward ADA is currently negative, while its internal model indicates a bullish outlook. This reflects a split view across participants.

Analyst Man Of Bitcoin noted,

Meanwhile, large holders have reduced exposure. Over the past month, whales have reportedly sold 440 million ADA, which may continue to weigh on short-term price action.

The post Is Cardano (ADA) Set for a Comeback? Key Buy Signals Light Up appeared first on CryptoPotato.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation

Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation

The post Latin America’s Crypto Adoption Breakthrough: 116% Growth in 2024 and 57 Million Users Fueled by Regulation appeared on BitcoinEthereumNews.com. According to a Bitso-compiled dataset and corroborating Coinchange Regulatory Report, Latin America is entering a notable year for cryptocurrency adoption, with 2024 showing a 116% growth and the first half of 2025 adding another 65% surge, lifting regional users beyond 57 million. The momentum reflects a shift toward institutional-grade activity and a more resilient market structure as digital assets gain mainstream traction. A steadier regulatory environment, coupled with market maturation and targeted policy steps in major markets, has underpinned this expansion. Regional leaders cite reforms such as Brazil’s 2022 Law No. 14,478 establishing a crypto framework, the 2023 FinTech Law in Chile, and Mexico’s 2018 FinTech Law as foundational pillars that enable safer access to digital assets. Industry observers argue that Latin America is increasingly poised to become a strategic hub for global financial innovation and digital asset solutions, with Bitso’s ongoing regulatory dialogue viewed as critical to balancing innovation with consumer protection in the evolving crypto landscape. Source: https://en.coinotag.com/breakingnews/latin-americas-crypto-adoption-breakthrough-116-growth-in-2024-and-57-million-users-fueled-by-regulation
Share
BitcoinEthereumNews2025/11/20 13:40
XRP Corrective Path Clears: Market Poised For A Drop Toward $2.03

XRP Corrective Path Clears: Market Poised For A Drop Toward $2.03

XRP’s price action continues to follow a clear corrective structure, setting the stage for a potential drop toward the key $2.03 support level. With momentum cooling and Wave 2 behavior unfolding as expected, the market may be preparing for one final dip before the uprend shift emerges. Wave 2 Dynamics: Why XRP’s Choppy Pullback Is Completely Normal CasiTrades, a well-followed crypto analyst, noted in a recent market update that XRP still appears to be navigating its way toward the macro 0.5 Fibonacci retracement level at $2.03. According to the analyst, the current price action aligns perfectly with the expected behavior of a Wave 2 correction-slow, choppy, and far from a straight drop.  Related Reading: XRP Price Battles Breakout Resistance With Momentum Showing Mixed Signals In the breakdown, CasiTrades highlighted that the only factor capable of invalidating a retest of the $2.03 zone would be a clean and decisive breakout above the macro 0.382 Fibonacci resistance at $2.41. That point continues to serve as XRP’s defining threshold. As long as the price trades below $2.41, the chart structure strongly favors a continued downward drift, with a final tap of the 0.5 retracement level. She also pointed to a deeper macro target at $1.65, which aligns with the 0.618 Fibonacci level, another common landing point for Wave 2 pullbacks. The analyst explained that the longer XRP stalls beneath key resistance zones, the more likely it becomes that the price may need to dip to this lower support to build enough strength for a true reversal. CasiTrades stressed that a move to $1.65 would not signal weakness. Instead, such a drop could provide the ideal springboard for a powerful macro Wave 3 into new all-time highs.  Smart Money Zones: Why Accumulation Happens Before The Breakout According to CasiTrades, now is not the moment to complain about XRP’s price behavior—this is the phase where informed accumulation takes place, at the key Fibonacci levels, not the breakout stage. The market has been in a prolonged range for months, and each interaction with $2.41 (.382), $2.03 (.5), and $1.65 (.618) presents another strategic opportunity to build positions ahead of the next major cycle. Related Reading: XRP Price Aims for Another Bullish Wave — Momentum Strengthening CasiTrades emphasizes that the broader market is already showing early signs of shifting momentum. Several micro-cap tokens have begun to post explosive moves, which is rarely random. These early breakouts signal that the market is preparing for its next significant trend phase. In this context, XRP is not lagging; it is simply completing its corrective structure before aligning with the wider market’s momentum. The analyst emphasizes that patience and discipline are essential at this time. Featured image from Adobe Stock, chart from Tradingview.com
Share
NewsBTC2025/11/20 13:00