Cardano breaks the 30-day downtrend, but can the ADA really go as high as $0.89?

Key Takeaways

Why did Cardano escape as we speak?

The value broke the 30-day declining trendline, with quantity up 32% to $795 million and ADX above 46, exhibiting robust momentum.

What ADA ranges are merchants taking a look at now?

A place above $0.58 may ship the ADA in the direction of $0.69 and $0.89, whereas a drop under $0.55 revives bearish strain.

Cardano [ADA] rose 2% to $0.598 on November 10, 2025, with buying and selling quantity rising 32% to $795 million, signaling renewed entry after a month-long downtrend.

The descending trendline has been damaged and the momentum metrics are exhibiting a bullish bias

ADA broke out of a downtrend line it had been respecting since October 2025. This break, confirmed by a three-day excessive on the day by day chart, opened the door for additional upside potential.

If the worth stays above $0.585, bulls can lengthen momentum in the direction of the $0.895 goal – a possible 52% transfer. The intermediate resistances are at $0.69 and $0.736.

Failure to carry above $0.55 may ship the token again right into a sideways or bearish vary.

Supply: TradingView

Nonetheless, ADA’s Common Directional Index (ADX) stood at 46.73, above the important thing threshold of 25, indicating robust directional momentum within the altcoin, which appeared bullish. On the similar time, the Supertrend indicator remained within the pink, indicating that the altcoin was nonetheless in a downtrend.

Derivatives present combined sentiment amongst contributors

Amidst this bullish hypothesis MintGlass highlighted the combined sentiment as traders who not too long ago added ADA tokens to their holdings look like promoting, whereas intraday merchants look like following the present development.

In line with CoinGlass information, greater than $5.32 million value of ADA has gone public on the time of writing, indicating attainable dumping in the course of the current rally.

Supply: CoinGlass

In the meantime, ADA’s key liquidation ranges on November 10 had been $0.564 on the draw back and $0.612 on the upside. At this stage, merchants have accrued $10.75 million in lengthy positions and $4.44 million in brief positions.

Supply: CoinGlass