ADA Rebounds in Sight as It Hits 5.5-Year Lows and RSI Turns Oversold

Cardano’s native token **ADA** has plunged nearly **80%** over the past year and briefly fell below **$0.15** earlier this month, its lowest level since late 2020. It’s trading around **$0.16** now, close to that local bottom. Analysts on X argue a short-term recovery may be near. One trader, Sssebi, claims **ADA** is at an extreme oversold state on the weekly chart and expects a move back above **$0.20** within a month. They cite **RSI dropping to ~12 and now around ~25**, which is still considered a bullish “oversold territory,” while RSI levels above 70 typically signal overbought and possible correction. Another X account, Crypto with Haris ₿, frames the selloff as an opportunity rather than an end to the trend, pointing to historical rebounds—most notably that **ADA** surged from roughly **$0.22 to $1.30** within months in 2023. However, sentiment remains fragile due to remarks from Cardano founder Charles Hoskinson. He said he is “taking a break” and warned of a potential “wave of failures” across the ecosystem. Social media speculation also alleges he sold about **1.5B ADA** during the 2021 bull market; Hoskinson has not confirmed or denied it, which could weigh on investor confidence. Key takeaway for traders: **ADA** is near long-term capitulation territory, but ecosystem and founder-related headlines could trigger volatility either way.