Cardano Drops 10% But One Technical Indicator Gives Bulls Hope
Cardano (CRYPTO: ADA) on Monday dropped 10% straight into all-time structural support, and a fresh bullish divergence is now flashing at a level that historically ignited 15-30% rebounds.
ADA Slides Into Multi-Year Support Zone
Cardano Price Prediction as of December 1 (Source: TradingView)
Cardano traded near $0.37 after a sharp decline pushed it directly into the $0.33–$0.36 support band, a zone touched only twice in the past three years.
Each prior test produced rebounds of 40% to 70% within weeks. Price is now sitting on the same horizontal floor with early signs of momentum stabilization.
The daily RSI dipped to 25, marking ADA’s most oversold level since June 2022.
Even as price made a lower low, the RSI printed a higher low, confirming a bullish divergence.
During the past three divergence signals, ADA’s average recovery ranged from 18% to 30%.
ADA also trades far below key moving averages.
The 20-day …
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