Key Takeaways
Why did Cardano break out today?
Price breached a 30-day descending trendline, with volume up 32% to $795 million and ADX above 46, showing strong momentum.
What ADA levels are traders watching next?
Holding above $0.58 may send ADA toward $0.69 and $0.89, while a drop below $0.55 revives bearish pressure.
Cardano [ADA] gained 2% to $0.598 on the 10th of November 2025, with trading volume rising 32% to $795 million, signaling renewed participation after a month-long downtrend.
Descending trendline broken and momentum metrics flash bullish bias
ADA broke out of a descending trendline it had respected since October 2025. This break, confirmed by a three-day high on the daily chart, opened the door for further upside.
If price holds above $0.585, bulls may extend momentum toward the $0.895 target — a potential 52% move. Intermediate resistances lie at $0.69 and $0.736.
Failure to stay above $0.55 could push the token back into a sideways or bearish range.
Source: TradingView
However, ADA’s Average Directional Index (ADX) stood at 46.73, above the key threshold of 25, indicating strong directional momentum in the altcoin, which appeared bullish. At the same time, the Supertrend indicator remained in the red, suggesting that the altcoin was still in a downtrend.
Derivatives show mixed sentiment among participants
Amid this bullish speculation, CoinGlass highlighted mixed sentiment, as investors who recently added ADA tokens to their holdings appear to be selling, while intraday traders seem to be following the current trend.
According to CoinGlass data, over $5.32 million worth of ADA has moved into exchanges at press time, suggesting potential dumping amid the recent rally.
Source: CoinGlass
Meanwhile, on the 10th of November, ADA’s major liquidation levels stood at $0.564 on the lower side and $0.612 on the upper side. At these levels, traders have built $10.75 million in long positions and $4.44 million in short positions.
Source: CoinGlass
