{"id":116919,"date":"2025-12-01T11:53:20","date_gmt":"2025-12-01T11:53:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=116919"},"modified":"2025-12-01T11:53:20","modified_gmt":"2025-12-01T11:53:20","slug":"cardano-ada-plunges-by-8-daily-but-this-important-indicator-flashes-the-buy-signal","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=116919","title":{"rendered":"Cardano (ADA) Plunges by 8% Daily but This Important Indicator Flashes the Buy Signal"},"content":{"rendered":"

The start of December brought another substantial correction, affecting most leading cryptocurrencies.<\/p>\n

Cardano\u2019s ADA was among the worst-hit, with its price slipping by 8% over the past 24 hours. However, one crucial metric suggests a rebound could be on the way.<\/p>\n

Are the Bulls Coming Back?<\/h2>\n

The past several months have been quite painful for Cardano\u2019s investors, as the asset\u2019s valuation currently trades below $0.40, representing a 60% decline from the local peak in mid-September. The market capitalization slipped under $15 billion, making it harder for ADA to return to crypto\u2019s top 10 club.<\/p>\n

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<\/a>
\nADA Price, Source: CoinGecko<\/p>\n<\/div>\n

Despite the bearish conditions, some analysts believe there is light at the end of the tunnel. X user Ali Martinez observed<\/a> ADA\u2019s recent price performance and claimed that the TD Sequential has flashed a buy signal.<\/p>\n

Marcus Cornivus also chipped in, outlining<\/a> the $0.38-$0.40 range as the \u201cbiggest demand zone.\u201d The analyst thinks that if this floor holds, \u201cthe chart becomes a launchpad and the next wave opens fast.\u201d He argued that the mid-range at $0.55-$0.60 is the first wall, and if momentum wakes up, there might be a breakout toward $0.82-$0.85.<\/p>\n

\u201cThis is the moment where ADA tells the story. Hold the base and the bounce fires. Lose it and the structure shifts. Right now, the odds lean toward strength, and the chart is still alive with energy,\u201d the analyst concluded.<\/p>\n

A few days ago, X user Smith said<\/a> he remains unfazed by ADA\u2019s dump and used the opportunity to increase his exposure to the token. The analyst believes the coin has 10x potential, envisioning an explosion above $3.<\/p>\n

Observing Other Metrics<\/h2>\n

ADA\u2019s Relative Strength Index (RSI) supports the thesis of a short-term recovery. The technical analysis tool ranges from 0 to 100 and measures the speed and magnitude of recent price changes to help traders identify a possible pivot point. It currently stands below 30, meaning oversold territory and a potential buying opportunity. On the other hand, anything above 70 is interpreted as a bearish zone.<\/p>\n

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<\/a>ADA RSI, Source: CryptoWaves<\/p>\n<\/div>\n

The asset\u2019s exchange netflow over the past several months is also a sign of hope for the bulls. According to CoinGlass\u2019s data, outflows have significantly surpassed inflows within that period, suggesting that investors have been shifting from centralized platforms to self-custody methods. This, in turn, reduces the immediate selling pressure.<\/p>\n

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<\/a>ADA Exchange Netflow, Source: CoinGlass<\/p>\n<\/div>\n

The post Cardano (ADA) Plunges by 8% Daily but This Important Indicator Flashes the Buy Signal<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The start of December brought another substantial correction, affecting most leading cryptocurrencies. Cardano\u2019s ADA was among the worst-hit, with its price slipping by 8% over the past 24 hours. However, one crucial metric suggests a rebound could be on the way. Are the Bulls Coming Back? The past several months have been quite painful for […]<\/p>\n","protected":false},"author":0,"featured_media":116920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-116919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116919"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116919"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/116919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/116920"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}