Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
This Cardano Sweep Area Puts ADA Reversal In Motion

This Cardano Sweep Area Puts ADA Reversal In Motion

DailyCoinDailyCoin2026/11/10 08:03
Thanks for voting!
Reader Sentiment
100% Bullish

Cardano’s (ADA) price took in a 28% deficit over the past 30 days, now closely approaching the lowest-tier Bollinger Band (BOLL) at $0.1735. On the 4-hour charts, Cardano’s (ADA) price has been trading well below all four moving averages in the ribbon, carrying no bullish momentum until ADA restores $0.1811.

The Sweep Territory Cardano’s Bulls Are Monitoring

That’s the midline Bolinger Band (BOLL), which also coincides with the lowest moving-average calculated trendline in the ribbon. A sweep into the $0.166 – $0.171 area followed by strong buying could signal a gradual Cardano price reversal setup, a common pattern in volume profile and Fibonacci-based trading strategies.

Cardano’s (ADA) bulls won’t be able to regain territory unless the altcoin sustains above $0.214 on the 4-hour & daily time-frames, a level unprecedented since October 25, 2026, according to the real-time data from TradingView. The 4% price dip comes along with the broader market tarnishing over $150 billion in value overnight.

Presently,  the liquidity zone around $0.166 – $0.171 represents the strongest demand territory. It combines the range POC (Point of Control), the 0.786 Fibonacci retracement ADA price level & the local liquidity on regular Spot markets.

Meanwhile, Futures markets players have been betting on a rebound, but incurred a heavy liquidation instead. That made the bulls more careful.

Liquidation Data Showcases ADA Bear Domination

Out of $3.18 million in 24-hour liquidations, roughly $2.95 million were long Cardano (ADA) price plays, while short-sellers took in a $229.28K deficit, per CoinGlass’ data. Meanwhile, Spot data for CoinPaprika showed the seasoned altcoin trading below all 4 key weekly moving averages.

Right now, Cardano’s (ADA) bulls will be counting on the $0.18 resistance as a near-term bullish restoration point. At $256M in trading volume on Spot, Cardano’s popularity on Futures markets is considerably smaller at $66.8 million, in spite of a growth beyond 211% in the 24-hour frame.

Cardano’s (ADA) $6,686,156,790 market capitalization put the altcoin at #18, chasing behind major-cap competitors Chainlink (LINK) & Dogecoin (DOGE) by $2 and more than $4 billion, respectively. The OG coin’s Fully-Diluted Valuation (FDV) stood at $8.02 billion, per SoSoValue.

Dive into DailyCoin’s hottest crypto news right now:
Bitcoin Tumbles to $75K as AI Fears Wipe $150B From Crypto
70.5 Million POL Heist Triggers Polygon’s Hard Fork Proposal

News Image 0News Image 1
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Vodafone (VOD.US) Swings to Loss in First Half, German Operations Major Drag

Vodafone (VOD.US) released its financial results for the first half of fiscal year 2027.

智通财经•2026/11/10 08:05

AI gamble backfires! Data center project writedowns and weak tech stock positions drag down SoftBank (SFTBY.US) to a Q2 loss of $7.1 billion

SoftBank recorded its first net loss in nearly two years due to a $3.7 billion impairment loss arising from a U.S. data center project, coupled with mounting market concerns over the sustainability of artificial intelligence (AI) growth impacting the investment giant’s key holdings.

智通财经•2026/11/10 07:51

AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish

CoreWeave (CRWV.US) will release its third-quarter financial report after the U.S. stock market closes on Tuesday. This is seen as a key test for the strength of the new AI cloud sector.

智通财经•2026/11/10 07:47
AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish