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This Cardano Sweep Area Puts ADA Reversal In Motion

This Cardano Sweep Area Puts ADA Reversal In Motion

DailyCoinDailyCoin2026/11/10 08:03
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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.

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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.

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