Cardano (ADA) Retests Key Support That Sparked Multiple Rebounds Since November 2024

Cardano (ADA) has once again returned to a key support level that has historically triggered major rebounds over the past year.
At the time of writing on November 5, 2025, ADA is trading near $0.48, down about 2.6% in the last 24 hours as the broader crypto market cools.

According to market analyst Ali Martinez, this level has served as a launchpad for three major rallies since November 2024 — each time leading to double-digit percentage gains within weeks.

The Line That Keeps ADA Alive

The critical trendline — sitting roughly between $0.46 and $0.48 — has acted as ADA’s dynamic support zone for almost a year.
Whenever Cardano has retested this area, buying pressure has consistently emerged, leading to rebounds of 30% to 70% in prior cases.

Analysts highlight that this line represents both psychological and technical support, intersecting with:

• The 200-day moving average,
• A multi-month ascending channel, and
• Fibonacci retracement levels from ADA’s 2024–2025 rally.

If history repeats, ADA could be poised for another recovery, potentially targeting $0.58 and later $0.64.

But the Risk Is Rising

Despite the strong historical record, analysts caution that support levels can weaken with repeated tests.
Cardano has already touched this line four times in the last 12 months, meaning that each subsequent test could erode buyer confidence.

Technical indicators also reveal mixed signals:

• The Relative Strength Index (RSI) is near 44, suggesting room for downside before oversold conditions.
• Volume has declined over the past week, indicating weaker participation from retail traders.
• The MACD histogram shows a mild bearish divergence, hinting that momentum could fade if ADA fails to reclaim $0.50 soon.

Analyst Commentary: “Crucial Moment for ADA”

On-chain data from IntoTheBlock shows over 2.1 billion ADA (worth approximately $1 billion) were acquired between $0.46 and $0.49, forming a strong “on-chain demand wall.”

Martinez added:

“Cardano is sitting at a level that has historically defined its mid-term direction. A rebound here could confirm the continuation of its macro uptrend — but losing this line opens the door to a deeper retracement toward $0.40.”

Community and Developer Momentum Remain Strong

While ADA’s price faces short-term uncertainty, Cardano’s ecosystem fundamentals remain robust.
The network continues to see steady growth in smart contracts and dApp activity, especially following the Hydra scaling upgrade earlier in 2025.

• TVL (Total Value Locked) stands above $380 million, up 42% year-over-year.
• The number of Plutus scripts — Cardano’s smart contracts — surpassed 37,000, marking an all-time high.
• Charles Hoskinson recently reaffirmed Cardano’s commitment to integrating governance features under the Voltaire era, which could catalyze renewed investor interest in 2026.

Cardano Price Levels to Watch

Outlook: Bounce or Breakdown?

Cardano stands at a decisive technical crossroads.
If ADA can maintain its footing above the $0.46 level and volume rises, the stage could be set for another rebound — potentially mirroring past surges that followed similar setups.

However, a close below $0.45 could invalidate the bullish pattern, sending ADA toward $0.40 or lower as traders seek safety amid market volatility.

In the words of one trader:

“It’s a classic make-or-break zone for ADA — a bounce here keeps the long-term trend alive, a breakdown resets the clock.”