Cardano Bulls Still Have No Bottom Signal, But ADA Price Recovers

Cardano is attempting to stabilize after another difficult stretch, with ADA recovering roughly 4% from today’s local low and trading back around $0.18. CoinGecko data shows ADA dipped as low as about $0.1717 over the past 24 hours before rebounding toward $0.178-$0.18. Trading activity has also picked up, with 24-hour volume rising significantly from the previous day. The bounce is encouraging for bulls, but More Crypto Online is not convinced that the correction is finished. His latest 4-hour chart still leaves room for another low before the Cardano price can establish a more reliable bottom.