Cardano Price Faces a Decisive Test at $0.45

ADAUSD is down nearly 30% this month and is testing the $0.45–$0.44 support, which is also the lower boundary of its falling wedge. Buyers need to defend this zone or ADA risks slipping toward $0.40.

Two indicators are starting to show early strength. The Chaikin Money Flow has turned up after forming a higher high between November 16 and 19, even while price made a lower high. That positive divergence signals stronger inflows. On-Balance Volume has also pushed above its descending trend line for the first time in weeks, showing buyers are beginning to step in at this support.

If ADAUSD holds $0.45, the first hurdle sits at $0.50–$0.52. A move above $0.60 is needed to flip momentum and target $0.69.

Spent Coins Age Band also shows conviction: token movement has dropped about 27% since November 1, despite falling prices, suggesting long-term holders are staying put.