Cardano Stages Dramatic Rebound, Swinging 4% in V-Shaped Rally

Cardano Holds Ground With Sharp Reversal Amid Broader Market Dip

Cardano’s ADA token demonstrated notable technical resilience Tuesday, rebounding from early losses in a swift V-shaped recovery that drew support from increased trading volume.

After dipping to a session low of $0.676, ADA climbed back to test the $0.697 level, supported by concentrated buying interest at $0.684, where the day’s highest trading volume — 45.7 million ADA — was recorded.

At the time of writing, ADA was trading at $0.68, down a modest 0.45%, while the broader CoinDesk 20 Index dropped 2.1%, reflecting macro-driven market hesitation.

Technical Breakdown:

• Support-Driven Bounce: Rebound initiated at $0.684 with strong intraday demand.
• Volume-Led Momentum: Break above $0.697 backed by rising trade volumes.
• Resistance Target: Traders eye potential test of $0.702 in the near term.
• Higher Lows: Structure is forming a bullish bias, with volume peaking at 1.17M ADA during early U.S. hours.

With continued global economic uncertainty, ADA’s ability to rally on volume suggests solid dip-buying interest and a potential setup for further upside — contingent on holding key support levels.