ADA nearly dropped out of the top ten; this signal is needed for a rebound

【CryptoWorld】Cardano has been a bit shaky these days. From an intraday high of $0.3617 down to $0.3499, the weekly decline has already expanded to 15.36%. Watching its market cap of $128.6 billion being overtaken by Bitcoin Cash ($118.2 billion) is really a bit dangerous. Fortunately, it has currently stabilized its position in the top ten, but the pressure remains significant.

From a technical perspective, the current situation is not optimistic. The RSI is only 37.9, a clear sign of weakness, which means there is still potential for further decline. To achieve a sustainable rebound, ADA needs to climb back above the $0.39 to $0.42 range, which is a critical level.

However, it is worth noting that there are still new developments in the ecosystem. New ETF applications and the launch of Cardano-related products on some compliant platforms are paving the way for a future rebound. Short-term volatility may be uncomfortable, but in the long run, the ecosystem is gradually improving, and there is still potential. It all depends on whether it can reach the rebound level soon.