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Is Cardano (ADA) Finally Shifting From Sell-Off to Accumulation?

Is Cardano (ADA) Finally Shifting From Sell-Off to Accumulation?

Cardano was up by 4% over the past 24 hours after a few choppy sessions earlier in the week. The crypto asset climbed from around $0.164 to above $0.17. The latest uptick has pushed its monthly gains to around 12%.

Amidst improving price structure, new data suggests that ADA may be entering a different phase. Buyers Hold Their Ground Pseudonymous analyst ‘The Boss’ said ADA may be moving from panic-driven selling toward a more constructive accumulation phase after an aggressive sell-off.

The analysis pointed to higher lows in recent trading sessions rather than new breakdowns. According to The Boss, buyers have continued to defend a major demand zone of $0.1064-$0.1503, while a short-term ascending trendline is keeping the recovery structure intact.

The crypto asset is also compressing below overhead resistance, which indicates the market is looking for its next directional move rather than extending the earlier decline, the analyst explained.

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