Anticipated ADA Recovery Following Remittix’s Wallet Launch Fueling FOMO

Cardano (ADA) is currently undergoing a period of stabilization at $0.42, following significant downward pressure in recent weeks. The market for ADA remains active, with ongoing discussions surrounding whether the coin is poised for a turnaround or if further declines are on the horizon. At its current price level, ADA is close to previous areas where a reversal has occurred.

Many long-term ADA investors believe that the coin is currently undervalued, with some, like analyst Hardy, asserting that ADA is significantly underestimated. This perspective has attracted attention from traders seeking value opportunities. While market sentiment alone cannot dictate price movements, ADA’s current trading range aligns closely with historical accumulation zones, potentially providing a strong foundation for a price recovery if overall market confidence improves.

A closer look at ADA’s monthly chart reveals what appears to be a Wyckoff spring forming, a rare pattern noted by analysts. The last time such a pattern emerged, ADA experienced a substantial rally from $0.017 to over $3.00. The current spring is developing at a key long-term support level, suggesting that sellers may be exhausted and that accumulation could be underway if demand increases.

Furthermore, momentum indicators are signaling positive developments. The weekly RSI is exhibiting bullish divergences, a pattern that has historically preceded significant market bottoms. These indicators, in conjunction with ongoing advancements within the ADA ecosystem, strengthen the argument that ADA may be undervalued relative to its long-term prospects.

Despite these positive signals, the short-term price action for ADA remains delicate. The coin is currently reacting to a zone of imbalance around $0.42–$0.40, as depicted in Miya’s chart. Successfully defending this level could pave the way for a recovery towards $0.55–$0.60, supported by bullish signals on higher timeframes. However, failing to maintain this support zone could expose ADA to further downside risks, potentially revisiting levels around $0.38 or lower.

Looking ahead, three possible scenarios for Cardano’s price trajectory can be outlined:

In a bear case scenario characterized by low liquidity and increased market risk, ADA could retreat towards $0.35 as liquidity diminishes or if broader market conditions deteriorate. However, given that $0.35 has historically served as a support level, this decline could be viewed as a normal retracement in response to market pressure.

In a base case scenario of a gradual and consistent recovery, ADA could trend upwards towards the range of $0.55–$0.80 throughout December and into 2026. This upward movement may be supported by stable progress in market conditions and ongoing positive momentum.

Finally, in a bullish scenario with increased buying interest and positive market catalysts, ADA could potentially surpass the $1.00–$1.50 range if favorable conditions persist, unlocking further upside potential.

As investors monitor ADA’s price movements, factors such as market liquidity, broader market trends, and ongoing developments within the ADA ecosystem will likely play a crucial role in determining the coin’s future trajectory.