Popular altcoin Cardano 
$0.384594 (ADA) was hit hard by the correction in the overall cryptocurrency market on the first day of December. It dropped 8 percent in the last 24 hours, falling below $0.40, and its market value fell below $15 billion. The nearly 60 percent decline from its mid-September peak in the medium term has accelerated the altcoin’s slide away from the top 10 clubs. Still, key indicators and follow-up analyst comments point to a strengthening possibility of a short-term recovery.
Reversal Signal on ADA Coin: TD Sequential and RSI
Analyst Ali Martinezon the price chart of ADA coin TD Sequential He stated that the indicator produces a buy signal. The signal in question draws attention when counter-moves in the bottom areas become more frequent. On the momentum side Relative Strength Index (RSI) remains below the 30 threshold and settled in the oversold zone. These levels have historically been viewed as areas that increase the likelihood of a short-term reaction. The short-term reading indicates a base where the selling pressure is tiring, suggesting that buyers are looking for an advantage in the risk-reward profile.
Streaming data compatible with in-blockchain behavior also supports the chart. CoinGlass Sourced inter-exchange net flow figures show that outflows have significantly exceeded inflows in recent months. Supply shifting from central exchanges to independent custody can limit sudden sales pressure. Despite the sharp 24-hour decline, the price progresses with gradually decreasing sales instead of a strong volumetric discharge, creating an environment that can increase the effect of technical signals.
Demand Zones and Possible Scenarios from 0.38–0.40 to $0.85
market commentator Marcus Cornivushighlights the $0.38–0.40 band as the largest demand region. He suggested that if the bottom is maintained, the chart will become a “launch pad” and that the movement may accelerate when the momentum increases. Pointing to the 0.55-0.60 range as the first obstacle, the analyst underlined that if this wall is overcome, an acceleration scenario towards the 0.82-0.85 dollar region is on the table. Otherwise, the loss of the bottom in question may bring about a downward revision of the trend in the structure.
Despite emotional breakdowns, there are also people who remain optimistic about long-term expectations. user x SmithHe emphasized the possibility of an explosion above $3, stating that he increased his position during the recent decline and believes that ADA coin has 10x potential. The divergence between short-term trade flows and medium-long-term narrative can turn into a catalyst that can accelerate the technical-fundamental overlap if the demand zone is preserved.
