Has the Downturn for Cardano (ADA) Ended? A Significant Buy Signal Emerges
Cardano has plummeted 37% over the past month, but recent indicators suggest a potential reversal in trend as ADA approaches critical support at $0.50.
Cardano (ADA) has experienced substantial losses in recent weeks, mirroring the overall downturn in the cryptocurrency market. As of this writing, ADA trades around $0.53, reflecting a 3% decrease in the past day. The asset has plunged nearly 18% in the past week and 37% over the last month. However, recent technical signals are garnering interest from market analysts.
Potential Trend Change Indicated by TD Sequential
Analyst Ali Martinez reported a buy signal for ADA on the three-day chart using the TD Sequential indicator. This signal is identified by a red ‘9’ candle, typically occurring at the conclusion of a downtrend.
Martinez shared the following chart:
TD Sequential prints a buy signal for Cardano ADA. Could this mark the reversal?
Pic. — Ali (@ali_charts) November 5, 2025
While this signal doesn’t determine future price movement, it suggests a potential trend reversal. Despite selling pressure dominating October, ADA is now attempting to hold support near $0.57. A clear breakout or increased trading volume will likely be needed for confirmation.
Additionally, data indicates that whales have been reducing their ADA holdings in recent weeks, contributing to the ongoing price decline, as reported by CryptoPotato.
Support Levels Under Observation
Analyst CryptoPulse mentioned ADA’s recent position within a known demand zone, previously serving as a support level. He suggests:
“As long as the price remains above $0.50, there’s a good chance of a retest in the $0.70–$0.80 range.”
Traders are focusing on the $0.50 support level as a possible base. If this level holds, a recovery may be facilitated; otherwise, the downward trend might persist.
Separate chart analysis by OceanStaker indicates a Power of Three pattern on the ADA/USDT trading pair, suggesting that Cardano may have completed the initial phase and is now entering accumulation. Technical indicators appear to support this outlook as well, with the RSI nearing oversold levels and the MACD remaining negative.
Cardano was also recently featured in the REX-Osprey Top 10 Crypto Index ETF, likely increasing its visibility with mainstream investors.
