Overview
- ADA climbed roughly 4–5% off lows near $0.50 and is trading around $0.53–$0.545 after defending the $0.52–$0.50 zone.
- Futures open interest rose to about $655–$657 million with a jump in trading volume, indicating traders are positioning for volatility.
- Price action remains constrained below a descending trendline and stacked EMAs, with key resistance levels flagged at $0.60, $0.72 and $1.15.
- Exchange flows have skewed negative through October and early November and Cardano’s DeFi TVL fell about 32% in 30 days to roughly $247 million.
- Signals are mixed as a three‑day TD Sequential buy suggests a potential bottom while an inverse cup‑and‑handle pattern implies downside risk toward roughly $0.24 if support breaks.