Technical analysis by elmakacho about Symbol ADA: Buy recommendation (12/21/2025)

Hey traders, After a tough 2025 (-70% YTD), Cardano is flashing one of the strongest setup I've seen for a reversal. Why I'm buying ADA now: Weekly Fibonacci Perfection: Price is hugging the 1.0 retracement level (~$0.37) from the recent swing high – this has acted as major support multiple times. Holding here = classic bottom formation. (Check the weekly chart – we're right on it!) Undervalued AF: At ~$0.37–$0.38, we're at levels not seen since early cycle lows. Heavy realized losses in December ($900M+ capitulated) means sellers are exhausted – prime time for accumulation. Friday Price Action = Strong Buyers Showed Up: Last Friday's candle defended the lows hard, closing with conviction. Volume picked up on the bounce, and we're seeing exchange outflows + whale adds. Reversal signals like TD Sequential buys and oversold RSI divergence are aligning. Short-term: Watching for a break above $0.42–$0.45 resistance for confirmation. If we hold $0.36–$0.37 support, targeting $0.50–$0.54 next (prior highs), then $0.70+ if momentum kicks in. Long-term still bullish with upgrades - Key Catalysts for 2026 Ouroboros Leios (Q1 rollout): Major consensus upgrade for 1,000+ TPS scalability while maintaining decentralization. Midnight mainnet (early 2026): Privacy sidechain with selective disclosure, potentially boosting cross-chain adoption and NIGHT token synergy. Bitcoin DeFi integration and tier-1 stablecoins (USDT/USDC): Aimed at deepening liquidity and TVL growth. Systemic resilience focus, governance maturity, and treasury-funded initiatives (e.g., Venture Hub, DeFi liquidity injections). Not financial advice , manage risk! What's your take on ADA here?