Cardano (ADA) has recently captured significant market attention with a notable price surge, breaking a prolonged downtrend. This move has sparked both bullish speculation among traders and a cautious outlook due to mixed signals from various technical indicators and market participants.
Cardano's Resurgent Momentum
On November 10, 2025, Cardano (ADA) experienced a 2% price increase, reaching $0.598, accompanied by a substantial 32% jump in trading volume to $795 million. This renewed activity signifies a strong shift in market sentiment following a month-long decline. Crucially, ADA successfully breached a descending trendline that had defined its price action since October, signaling a potential reversal. The Average Directional Index (ADX) further reinforces this bullish momentum, registering at 46.73, well above the key threshold of 25.
Mixed Signals and Market Sentiment
Despite the strong breakout, the market presents a complex picture with conflicting signals. While the ADX indicates robust directional momentum, the Supertrend indicator remains in the red, suggesting that ADA technically continues to be in a downtrend. Sentiment among derivative traders is similarly divided; while intraday traders appear to be riding the current upward trend, data from CoinGlass reveals that a significant $5.32 million worth of ADA has moved to exchanges, hinting at potential profit-taking or "dumping" by investors amid the rally.
Key Price Levels for Future Action
For traders, crucial price levels will dictate Cardano's immediate future. Sustaining above $0.585 could propel ADA towards intermediate resistances at $0.69 and $0.736, with a more ambitious target of $0.895. Conversely, a failure to hold above $0.55 could revert the token back into a bearish or sideways trajectory. Major liquidation levels are also on watch, with $10.75 million in long positions built around $0.564 and $4.44 million in short positions near $0.612, highlighting the battle between bulls and bears at these pivotal points.
