$ADA Holding Major Demand — Liquidity Sweep Setup? 👀
Cardano is currently trading around the $0.27 region after a prolonged downtrend across the higher timeframes. Price is now sitting near a major demand zone that previously acted as strong support, suggesting the market may attempt to stabilize around this area.
On the 4H structure, ADA is consolidating near the value area around $0.26 while equal lows sit slightly below the range. If price sweeps liquidity around the $0.26 region and buyers step in, it could trigger a recovery move toward the $0.30–$0.32 resistance zone.
RSI is recovering from oversold conditions while selling volume has started to decrease after the recent drop. If buyers defend the demand zone and liquidity below gets absorbed, a short-term relief bounce becomes possible even though the broader trend remains corrective.
