Overview
- ADA rose roughly 4–5% off the $0.50–$0.52 band to trade near $0.53–$0.545 after buyers defended a repeatedly tested support zone.
- Futures open interest climbed to about $655–$657 million with a sharp jump in trading volume, signaling elevated positioning and potential volatility.
- Price remains below a descending trendline with major EMAs stacked overhead, while a TD Sequential buy signal and oversold RSI suggest scope for a relief rally if support holds.
- Exchange data show October and early November skewed toward negative netflows, indicating traders have been sending more ADA to exchanges to sell into strength.
- Project updates include a lift of the Glacier scavenger-mine airdrop to 1 billion NIGHT and Charles Hoskinson’s statement that Midnight will be a Cardano asset.