In this video: Cardano has reacted at the golden ratio at 18 cents. Here is what ADA needs to show to confirm a low, and what would point to one more low first. Video by More Crypto Online.
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We analyse Cardano (ADA) on 1 November 2026 using Elliott Wave. ADA is weaker than Bitcoin and Ethereum and has reached the standard support zone between 16 and 19.6 cents, the decision zone we have been tracking since the top at the end of September. The decline from the December 2024 high is a C wave down that does not show 5 waves yet, so the bounce could be a wave 4, and another low toward the 100% extension at 9 cents remains a risk. If a low forms here, a C wave up would target 37.5 cents, just below the top of the resistance area between 23 and 40.5 cents. On the smaller timeframe, ADA is still moving in a descending channel, and a break above 19.5 to 20.4 cents would be the first sign that the bulls are taking the lead.
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Cardano Insights Today
The primary macro relief driving today's stabilization is structural. Earlier in the week, systemic fear surrounding a major security breach at Binance dragged ADA down to a localized multi-month low of $0.182.
• The Rebound: With Binance officially reopening token withdrawals today (November 1), immediate liquidity panic has evaporated, enabling bargain hunters to buy up the local bottom.
• The Volatility: Despite the minor reprieve, overall sentiment remains heavily mixed. Trading volume fell roughly 39.5% over the weekend down to $133 million, highlighting thin weekend order books and caution from retail traders.
• Midnight Milestones: Cardano's privacy-centric sidechain, Midnight, also passed an on-chain milestone by successfully crossing 1 million transactions in its testing environment.
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