- Cardano nears $0.47 support with RSI oversold and MACD flashing a bullish reversal signal.
- TVL on Cardano surges 70% in 24 hours, boosted by Coinbase’s wrapped ADA integration.
- MVRV ratio at -10.82% suggests ADA may be forming a local bottom similar to past recovery setups.
Cardano (ADA), one of the top altcoins by market cap, is approaching a critical point in its price structure. The asset has been trending within a descending channel throughout 2025, but analysts are now focusing on the $0.47 level, which could act as a major support. At the time of writing, ADA is trading at $0.5566.
Technical Patterns Show $0.47 as Possible Reversal Zone
According to an analysis prepared by Ali Charts, Cardano is testing the lower boundary of its multi-month descending channel. The current setup includes multiple Fibonacci levels, with the 1.618 extension near $0.4711 now in focus.
Price action near this level could determine the next major move. Trader Martinez also pointed out that ADA’s structure resembles previous setups that triggered rebounds. If $0.47 holds as support, a potential rally toward $0.70 or higher may follow.
The RSI on the daily chart remains in oversold territory, while the MACD has printed a buy signal, indicating growing recovery potential. Trend Rider added that ADA’s oscillator line is close to turning bullish. This condition has historically preceded sharp upward movements in price.
On-Chain Growth and TVL Surge Support Bullish Case
Network activity is increasing as Cardano’s DeFi ecosystem expands. According to DeFiLlama, Cardano’s TVL surged 70% in 24 hours, climbing from $253 million to over $431 million. This marks the highest TVL level since early March.
Coinbase’s recent integration of wrapped ADA on Base also contributed to this rise, helping boost user participation across DeFi platforms. Over 778 million ADA are now locked in smart contracts, reflecting growing utility.
Additionally, data from Santiment shows that the 30-day MVRV ratio is at -10.82%, suggesting ADA could be nearing a local bottom. A similar pattern in previous cycles has triggered price rebounds. These combined factors indicate $0.47 could be a strong base for a reversal.
