• Cardano trades at $0.641, sitting in the “opportunity zone” as signaling strong accumulation potential.
• CMF remains positive, indicating capital inflows and improving investor confidence despite bearish sentiment.
• A breakout above $0.661 could push ADA to $0.696 or $0.754, while losing $0.623 risks a drop to $0.608.

Cardano (ADA) continues to struggle with bearish pressure after multiple failed recovery attempts. However, the recent decline appears to have opened a window of opportunity for investors. 

As ADA’s price enters a key accumulation range, buyers are showing renewed interest, potentially setting the stage for a rebound.

Sponsored

Sponsored

Cardano Finds Opportunity

The Market Value to Realized Value (MVRV) ratio shows that Cardano is currently sitting in the opportunity zone. With values ranging between -9% and -19%, this indicator reflects that most ADA holders are experiencing unrealized losses.

Historically, this range often marks a local market bottom where selling typically slows and accumulation begins.

Such a development could be the first sign of a shift in market sentiment. As holders stop selling and investors begin buying at lower prices, the resulting demand could provide ADA with the fuel it needs to stabilize.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

The Chaikin Money Flow (CMF) indicator reinforces this potential turnaround. Data shows that Cardano has recorded consistent inflows over the last several days, signaling a return of investor confidence.

Sponsored

Sponsored

The CMF is currently positioned in the positive zone above the zero line, confirming active capital movement into ADA.

Sustained inflows often precede price recoveries, particularly when coupled with reduced selling pressure. If this trend continues, Cardano could gradually regain momentum in the short term. 

ADA Price Can Bounce Back

At the time of writing, Cardano’s price stands at $0.641, holding above the $0.623 support. The altcoin remains under the $0.661 resistance, where repeated rejections have hindered its upward progress over the past week.

If current conditions persist, ADA could breach $0.661 and aim for $0.696. However, for Cardano to mark a true recovery, it must reach and sustain levels above $0.754. Such a move would confirm renewed market strength and investor optimism.

Conversely, if ADA faces renewed selling, the price could drop below $0.623 and test $0.608. A failure to hold these supports would invalidate the bullish outlook and potentially trigger further downside pressure.

Disclaimer