coinedition.com
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Cardano price prediction for November 11 stays bearish below $0.19, the level $ADA needs to reclaim after bouncing from $0.17.
$ADA needs a daily close above $0.1939, the 20-day EMA, to turn the short-term trend. Price at $0.1795, up 4.30% over 24 hours per Coinglass, is below all four daily averages, with the 50-day at $0.2079, the 100-day at $0.2109 and the 200-day at $0.2312. It sits about 8% under the 20-day and about 29% under the 200-day.
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$ADA bounced from $0.1716, which matches the August low and the support zone marked on the chart, and has gained about 5% since. RSI at 34.04 is close to oversold, so the drop is stretched, but RSI has only just started to lift.
$ADA looks more likely to trade between $0.1716 and $0.1939 on November 11 than to clear $0.1939, and a daily close below $0.1716 would put the $0.14 zone in play.
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| Type | Price | Why it matters |
| Resistance | $0.1833 | 24-hour high |
| Resistance | $0.1939 | 20-day EMA |
| Resistance | $0.2079 | 50-day EMA |
| Support | $0.1716 | 24-hour low, near the August low |
| Support | $0.1600 | Round level above the next zone |
| Support | $0.1400 | June low zone |
LuckSide Crypto said $ADA is still inside a descending wedge that ends on Thursday, so it has to decide by Wednesday whether to break lower or bounce and retest about 19 cents, with $0.2330 next.
That puts the decision on November 11, the day this forecast covers, and 19 cents is close to the $0.1939 level on our chart. He named mid-week CPI and PPI inflation reports and Bitcoin’s test of its 20-week average as the market risks, after the third time in a week that leveraged liquidations topped $1 billion.
Meanwhile, Altcoin Daily (@AltcoinDaily) shared a clip of the Cardano founder saying the token of Midnight, NIGHT, could overtake $ADA in value. He said Midnight’s growth would bring many new users to Cardano, and that he does not see Midnight growing while Cardano stagnates.
$ADA’s bounce is led by derivatives, not spot buying. Open interest rose 5.61% to $374.76 million while futures volume fell 18.15%, so traders added positions on cooling activity.
Shorts took 63% of the $278.47K in 24-hour liquidations, which are positions closed by force when a trade runs out of margin, so the move to $0.1833 was partly a short squeeze. In the last 12 hours longs took 68% of a much smaller $42.50K, which suggests the squeeze has run its course.
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Spot volume fell 13.90%, so a further rise needs fresh spot demand. Funding of 0.0066% shows longs are not yet crowded.
| Metric | Value | What it shows |
| Open interest | $374.76M, up 5.61% | Positions added into the bounce |
| Futures volume | $282.58M, down 18.15% | Trading activity cooling |
| Spot volume | $41.57M, down 13.90% | Weak spot demand |
| 24h liquidations | $278.47K, shorts 63% | Short squeeze on the way up |
| Funding rate | 0.0066% | Longs not crowded |
$ADA holds $0.1716, closes above the 24-hour high at $0.1833 and reaches $0.1939, about 8% above today’s price. A close above it would open the 50-day EMA at $0.2079, about 16% higher. A steady Bitcoin through this week’s CPI and PPI reports would fit this path.
$ADA closes below $0.1716, which would put the $0.16 round level in play, about 11% below today’s price, and then the $0.14 zone, about 22% lower. A Bitcoin break below its 20-week average and another wave of liquidations would fit this path.
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$ADA stays bearish below $0.1939 and could move toward that level if it holds $0.1716 and closes above the 24-hour high at $0.1833. A daily close below $0.1716 would put the $0.14 zone in play.
$ADA is up 4.30% over 24 hours at $0.1795, according to Coinglass, and shorts took 63% of the $278.47K liquidated in that time. That points to a short squeeze, and none of the data in this analysis ties the rise to a single cause.
$0.1716, the 24-hour low and near the August low, is the key support. A close below it would put the $0.16 round level and then the $0.14 zone in play.
$ADA is about 11% below $0.20 and would first need to close above $0.1939, the 20-day EMA. The $0.2079 level, the 50-day EMA, sits just beyond it.
