Cardano isn’t sprinting, but it’s holding its line. ADA price sits around $0.64 on the 4-hour chart from Coinank, after snapping back from that October liquidation wick that briefly pierced the low-$0.20s before buyers rescued the move.
Since then, price has settled back into the prior range and volatility has cooled. In the background, the Ouroboros Leios upgrade has moved into active engineering, a big step toward higher throughput and cleaner parallelization.
Institutions showed some near-term caution, but large wallets have been quietly adding, which often hints at longer-horizon positioning.
What the ADA Chart Is Showing
The range is clear. Cardano price keeps defending the $0.62 area, which has flipped into local support after multiple intraday tests. Each push lower has been absorbed quickly, leaving a tight band of closes above that level and building a small base.
On the other side of the box, supply keeps showing up between roughly $0.68 and $0.72. The market has respected that ceiling several times; it’s the gate that needs to open if November is going to turn from slow grind to directional trend.
The overall structure looks like coiling compression after a shock. Compression rarely lasts forever. It tends to resolve with an impulsive move once volume returns.
Market Indicators
Momentum looks neutral-to-constructive. The 4-hour RSI has lived in the 40s and low 50s, consistent with a cooling phase rather than a trend break.
Open interest fell during the liquidation event and has been creeping back, which suggests traders are re-engaging but not yet over-levered.
The MACD histogram has been wobbling around the zero line while the lines flatten and start to curl upward. None of this screams euphoria. It reads more like a market catching its breath.
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ADA Price Short-Term Outlook for November
The simplest path forward is also the most likely one. If ADA keeps closing above $0.62, the base should continue to firm and draw in patient bids.
A strong 4-hour close through $0.70 would put the recent lower highs under pressure and open room toward the mid-$0.70s first, with the $0.80 back in play if broader altcoin liquidity improves.
If the market wobbles, losing $0.62 would probably drag Cardano price toward the mid-$0.50s, where demand last showed up in size.
With Leios progressing, cross-chain narratives growing, and sentiment still cautious rather than crowded, Cardano looks like a classic accumulation story into November.
It isn’t a fireworks show yet, but the tape is stable, the base is forming, and the next decisive move will likely come when volume returns.
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