Cardano (ADA) has presented a clear bullish signal on its 12-hour chart, with the SuperTrend indicator flipping to a "buy" status. This is the first time this indicator has signaled a buy since Cardano's broader downtrend began, according to analyst Ali Martinez.
On the ADA chart, the price has successfully broken above a resistance zone that had held for weeks, suggesting a potential shift in momentum towards buyers after a prolonged period of selling pressure. This type of signal often appears during trend reversals or when early upward strength is sufficient to overcome multi-week resistance.
The recent reclaiming of the $0.43–$0.44 region reinforces this bullish outlook. This move indicates that buyers have stepped in aggressively following a dip below the support zone last week. The ADA price is currently trading around $0.446, maintaining its position above a previously identified demand block.
ADA Price Recovers From Support With Volume Uptick
The chart shared by Ali Martinez illustrates that the Cardano price experienced a sharp bounce from a key horizontal support level, situated around $0.40. This area has served as a significant defense zone for several weeks, with buyers consistently pushing the price back up each time it dipped below this level, forming higher local lows on shorter timeframes.
Furthermore, trading volume increased during the most recent rebound. This surge in volume suggests that the recovery was not merely a temporary relief bounce but potentially a significant shift in market sentiment.
Currently, the ADA price is trading just below the 200-day moving average. This level often acts as dynamic resistance when a trend is still considered weak. A decisive break above this moving average would provide further confirmation of the SuperTrend signal and strengthen the bullish case for Cardano heading into December.
ADA Price Nears the $0.50 Test
Analyst Sssebi has noted that the ADA price is now advancing towards the $0.50 region. This zone is a critical area that has acted as resistance on multiple occasions and will serve as a key test for the current recovery rally. The chart structure indicates that the price has room to continue its upward trajectory without becoming overextended, a notion supported by the Relative Strength Index (RSI).
The RSI is climbing from oversold levels but has not yet reached conditions that typically signal local exhaustion. This suggests that ADA has further potential to make another upward move before encountering significant resistance.
If ADA reaches the $0.50 zone, the market is likely to witness substantial reactions. A rejection at this level would not be surprising, given its historical importance. However, if buyers manage to break through this resistance with strong candle closes, momentum could turn "mega bullish," as described by Sssebi, potentially initiating a broader trend reversal.
How High Can ADA Go?
For the immediate future, Cardano's technical structure is showing improvement. The SuperTrend buy signal provides a clear technical trigger for bulls, the rebound from support appears healthy, and momentum indicators are aligning in favor of the upward move.
The $0.50 resistance level remains the crucial area to monitor. A decisive break above this zone would reposition the ADA price into a higher trading range and could signify the commencement of a more significant recovery trend.