Cardano Breaks 30-Day Downtrend: Can ADA Reach $0.89?

Cardano (ADA) has recently disrupted a 30-day downward trend, with a price increase and significant trading volume indicating renewed interest among investors. Analysts suggest that if ADA maintains its current price levels, it could potentially reach new highs. However, market sentiment remains mixed, with some traders taking profits while others continue to trade actively.

Key Takeaways

ADA has broken a 30-day descending trendline, accompanied by a 32% increase in volume to $795 million, signaling strong momentum.
Maintaining a price above $0.58 could propel ADA towards targets of $0.69 and $0.89, while dropping below $0.55 may reignite bearish sentiment.
As of November 10, 2025, Cardano (ADA) registered a 2% gain, bringing its price to $0.598.

Cardano (ADA) poised for 50% Upside, Key levels to watch

Analyzing Cardano's Momentum

ADA has successfully broken through a descending trendline that it had adhered to since October 2025. This breakout is confirmed by a recent three-day peak on the daily chart, paving the way for possible further gains.

Should the price remain above $0.585, bullish momentum might push it towards the $0.895 target, representing a potential 52% increase. Immediate resistance levels to watch are at $0.69 and $0.736. Conversely, a drop below $0.55 could lead to a return to a sideways or bearish trend.

Cardano (ADA) technical outlook Source: TradingView

The Average Directional Index (ADX) for ADA sits at 46.73, surpassing the critical level of 25, indicating robust directional momentum and a bullish outlook for the altcoin. However, the Supertrend indicator is still in the red, pointing out that ADA remains in a downtrend.

Sentiment Analysis Among Traders

In the midst of this positive speculation, CoinGlass has reported a mixed sentiment from market participants. Investors who have recently acquired ADA tokens seem to be selling off, while day traders are actively engaging with the current market trends.

Recent data from CoinGlass shows that more than $5.32 million worth of ADA has been transferred to exchanges, hinting at potential selling pressure during this rally.

ADA Spot Inflow/Outflow Source: CoinGlass

As of November 10, ADA’s key liquidation levels were indicated at $0.564 on the downside and $0.612 on the upside. This translates to approximately $10.75 million in long positions and $4.44 million in short positions accumulated by traders.

ADA Exchange Liquidation Map Source: CoinGlass

Combining these insights with technical analysis reveals that market participants remain uncertain, reflecting a general sense of apprehension in the market.