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Cardano Steadies Near $0.64 With MACD Crossover Looming

Traders eye a break above $0.74–$0.80 to confirm a trend shift, otherwise a slide toward $0.53 remains in play.

Overview

  • ADA trades around $0.64–$0.66 as buyers repeatedly defend the $0.60–$0.62 zone.
  • The daily MACD is close to a bullish cross below zero, a setup that preceded a roughly 60% rally in June.
  • A move through $0.74–$0.77 with follow-through toward the $0.80 trendline is cited as required to confirm a reversal.
  • On-chain trackers report sizable exchange outflows since late September and whale buys near 200 million ADA, tightening liquid supply.
  • Analysts say recent rebounds lack volume, keeping risk of a return to the $0.53 support alive as futures open interest hovers near $650 million.