$ADA Price Analysis: Support Retest and Potential Relief Rally

Bullish Rebound Target $0.2507 for Cardano (ADA)

ADA is currently hovering near a critical demand zone at $0.2346, where buyers have historically stepped in to prevent further downside. Despite recent bearish pressure, the presence of bullish divergence on short-term RSI indicators and a significant increase in whale accumulation exceeding $53 million last week suggests that a local bottom is forming. If ADA can maintain its position above the $0.2385 pivot, a relief rally toward the primary target of $0.2507 is highly probable as market sentiment stabilizes following recent regulatory clarity.

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