One year, Cardano's 300% rally was immediately wiped out. The price has returned to the $0.32–$0.36 range—coincidentally, this is exactly where the big market trend of 2024 is expected to start. The simple question now is: can ADA stage a decent rebound from here?

On the technical side, signs are beginning to favor the bulls. Since mid-December, although ADA made new lows in November and December, the daily RSI did not follow suit and instead formed higher lows—that's a classic bullish divergence. During the same period, the MACD also experienced a golden cross. The 10% rebound after Christmas, which coincided with these signals, pushed the price from $0.34 to $0.37. The signs of bulls gradually taking control are clear, and as long as the support holds, the rebound momentum remains.

The real test, however, is not now. The key level is the 50-day moving average near $0.42. If ADA can regain this level, then $0.50 becomes the natural next target—an important support level before 2025. Whether it can break out depends on whether the buying interest is willing to continue the rally.