Cardano is showing positive momentum in the past hour as DeFi TVL surges, despite technical indicators suggesting a potential pullback to $0.50.
Notably, Cardano’s price stands at $0.5798, experiencing a slight 0.7% rise in the last one hour. However, the price of ADA is $0.5784, reflecting a 3.3% decline over the last 24 hours.
The price has fluctuated between $0.57 and $0.60 in this time frame, showing moderate volatility. On the longer timeframe, Cardano is up 7.7% in the past seven days.
Cardano Price Analysis
Amid the decline in the past 24 hours, Cardano looks poised for a decline, particularly based on technical indicators. On the daily chart, the price already bounced off a critical support level at $0.4907, marked by the 0% Fibonacci retracement level, and hit around November 4.
After hitting this support, the price has then tested resistance at the 23.6% Fibonacci level at $0.5867, and is struggling to break above it.
Elsewhere, the Stochastic RSI at the bottom of the chart indicates the momentum of ADA’s price. Currently, the Stochastic RSI is showing an overbought condition with values around 91.17 for the %K line and 83.92 for the %D line.
When the Stochastic RSI pumps above 80, it shows that the asset is overbought and may be due for a price correction. In this case, ADA’s overbought condition suggests that the price could face further downward pressure or consolidate before making a decisive move.
If the price continues to struggle at the 23.6% resistance, it could signal further bearish momentum, with the market potentially moving lower towards the 0% level at $0.49068. Alternatively, a breakout above the 23.6% Fibonacci level might lead to a shift in sentiment. The bulls could attempt to push the price higher, testing the next resistance zones around 38.2% or 50% Fibonacci levels. This could see ADA’s price surge to $0.6461 or $0.6941, respectively.
Cardano Derivatives Data
The liquidation data for Cardano (ADA) reveals significant short-term volatility, with long positions bearing the brunt of recent liquidations. Over the past 1-hour, 4-hour, 12-hour, and 24-hour periods, the majority of liquidations have come from long positions.
For example, in the last 24 hours, $959.13K worth of long positions were liquidated, compared to $560.15K in short positions. This suggests that the price has likely moved against long traders, triggering forced exits. Although short liquidations have also occurred, they have been relatively smaller.
Cardano DeFi TVL Surges
Despite the bearish outlook in the price action, Cardano’s DeFi total value locked has experienced a surge, according to a recent report by The Crypto Basic. In Q3 2025, Cardano saw significant growth, with its DeFi TVL surging by 28.7% to $423.5 million, highest since 2022.
Further, ADA’s market capitalization pumped by 42.5% to over $29 billion, while the network’s treasury grew by 24.7% to $1.3 billion. Additionally, Cardano saw a 561.7% rise in NFT trading volume and a 21.5% increase in stablecoin market capitalization. The network also saw growth in app transactions, daily active addresses, and DEX volume.
Ultimately, despite short-term price pressures and overbought conditions, Cardano’s growth in DeFi, market cap, and network adoption suggests a solid foundation for long-term success. Its ability to maintain momentum and innovate can likely determine its price trajectory in the upcoming trading periods.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
