Rich by Coin

The current Cardano price is stabilizing at $0.33, a high-time-frame support, and a developing double bottom structure suggests a potential trend reversal if key value levels are reclaimed. ADA has defended high-time-frame support at $0.33 twice, forming a potential double bottom. Buyers are attempting to reclaim the value area low, a key confirmation level. Acceptance above value could drive a rally toward the point of control and higher resistance.

Cardano price stabilizes at $0.33 as double bottom takes shape. The initial reaction from $0.33 support produced a strong bounce, with Cardano printing a decisive move higher that carried price toward the value area high. This reaction confirmed that buyers were active at this level and willing to defend it aggressively. The strength of this first bounce is important, as double bottom formations are more reliable when the initial reaction shows clear demand rather than a weak or shallow response.

From a structural perspective, this bounce marked the first indication that selling pressure was beginning to lose control after the prior downtrend. The second test did not result in a lower low, suggesting buyers absorbed selling pressure and a base could be forming. Acceptance above the value area low would indicate that buyers are regaining influence and that price is transitioning back into a fair-value range. If Cardano successfully reclaims the value area low, the next upside target becomes the point of control, a magnet for price in a range.