Saad Ullah
⬤ Cardano is holding steady after getting rejected from higher levels, with the price now sitting right inside a fresh imbalance zone. ADA reacted to overhead resistance and has settled into a tight range around 0.43, creating a short-term pivot that could set the tone for what comes next.
⬤ The chart shows a long downtrend leading into the current consolidation, where ADA is trying to hold support after losing steam earlier in November. The imbalance zone remains the main focus right now, as buyers are working to keep control at this level. If bulls can't defend this area, the next clear target is the sell-side liquidity pocket between 0.41 and 0.40. That lines up with the lower support levels on the chart, where previous reactions built a structural demand zone.
⬤ There's still room for a relief bounce, shown by the upward projection on the chart. If ADA regains strength from the current imbalance, price could push back toward the mid-0.50 region and reconnect with prior resistance. But the ongoing downtrend and repeated lower highs suggest the market is still fragile. Right now, the setup is waiting for confirmation—both upside recovery and downside continuation are on the table depending on how this support level holds up.
⬤ This is a technically sensitive spot for Cardano that could influence short-term volatility across altcoins. A breakdown into the next liquidity pool would confirm bearish pressure, while a bounce from this imbalance could spark fresh momentum heading into December. How ADA reacts in this zone will likely shape broader market sentiment as traders watch this decisive structure closely.
Saad Ullah
