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Cardano was one of the weakest large-cap cryptocurrencies this month. The price of Cardano has fallen by almost 30% in the past 30 days and almost 26% since November 11. This decline has pushed ADA towards the lowest support of its falling wedge, a structure that typically tends to rise, but can turn negative in the long term if it is broken.
Despite this pressure, three important indicators have become positive as Cardano stands on its last major support.
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The first signs of buyer strength near the last support
Buying power accumulation and volume behavior indicators turned at the same time, when the Cardano price reached the crucial support at $0.45.
CMF (Chaiken Money Flow) tracks whether money flows in or out based on price and volume. It was down since November 10 and even dropped below zero during Cardano’s sudden correction. But from November 16 to November 19, CMF made a higher high while the price made a lower high. This is an upward divergence because the CMF rises while the price weakens It shows stronger flows than the chart reflects.
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Balanced trading volume is a simple way to tell if buyers or sellers are more active. The OBV has been stuck under a downward trend line for weeks, corresponding to the ongoing decrease in the price of Cardano. But when ADA touched the $0.45 area, OBV pushed above that line for the first time in a while. This usually shows that buyers are starting to participate again before the ADA price reacts.
When CMF and OBV improve together near major support, it often means that the market may be preparing for a short-term recovery attempt. But the Cardano price still needs confirmation from its behavior in the chain.
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Pregnant behavior patterns show a strong conviction during the decline
The Age of Coins Spent indicator tracks the number of tokens transferred from different wallet age pools. When several currencies move simultaneously, it often indicates fear or heavy selling. When tokens move lower while prices fall, it usually shows conviction by long-term token holders.
The first of November, ADA saw its peak activity in spent coins With 159.01 million tokens moved. By November 19, the index was down about 27% even as the price continued to fall.
This means that far fewer symbols have been moved during the patch. When the movement of the tokens drops sharply during a sale, it reinforces the idea that Cardano may try to maintain the support of the trend line instead of breaking it. This is the third reason that drives the rebound angle.
The price of Cardano must stay at $0.45 or risk a collapse
The Cardano exchange Right on the lower trend line of the falling wedge and its strongest support is at $0.45-$0.44. If this area remains at a daily close, ADA may attempt a bounce. A move above $0.50-$0.52 signals the first sign of strength, but the real recovery will only begin after Cardano recovers to $0.60.
That level reverses the short-term trend and sets the stage for a retest of $0.69, the point at which a full wedge breakout becomes possible. Crossing that level means that the price of Cardano could turn its proposed rebound into an upward attempt.
If the support fails, the structure will collapse. A daily close below $0.44 opens a decline towards $0.40, with the potential for further declines if market sentiment weakens further. The bullish setup becomes invalid below this zone.
