Cardano (ADA) heads into December after a rough month. Crypto expert Austin Hilton, who runs a YouTube channel with 362k subscribers, shared that the ADA price dropped almost 30% in November as fear and ecosystem FUD hit the market hard.
Many holders felt the pressure, but Austin says he never sold and still believes in Charles Hoskinson’s long-term vision.
With November finally behind us, the focus now shifts to whether the ADA price can turn things around in December. And based on both the chart and the macro backdrop, the setup looks much better than it did a few weeks ago.
Cardano Price Might Be Forming a Bottom
Austin points out that ADA is sitting right at the lower boundary of a multi-day symmetrical triangle. This is usually where exhaustion appears after repeated rejections.
The ADA price trades around $0.419, which is just above the key $0.415–$0.417 support zone. As long as ADA holds this level, the chart suggests that a bottom may already be forming.
The next major test is the $0.43–$0.44 resistance area. If ADA breaks above that zone, it signals the start of a real recovery. For now, ADA is trapped between clear support and clear resistance, making this a decisive moment for the trend.
In addition, the macro environment shifts in Cardano favor starting December 1. This is when the Federal Reserve officially ends its multi-year quantitative tightening program.
That policy has been draining liquidity out of markets since 2022. With QT ending, liquidity slowly returns, and risk assets like crypto usually respond well.
Then, on December 10, the Fed holds another meeting. Current data shows an 86% chance of an interest-rate cut. A rate cut injects even more optimism into financial markets.
If both events align positively, the broader crypto market could finally break out of the fear cycle that dominated November.
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Moreover, Austin highlights how extreme the fear has been. November recorded 18 straight days of “extreme fear,” which is one of the longest negative sentiment streaks in recent crypto history.
A combination of macro pressure, JP Morgan headlines, market manipulation claims, and fallout from October 10’s events made the entire month feel heavy.
But sentiment is beginning to shift. The Bitcoin price already bounced from its lows, and sentiment indicators show the fear levels cooling off. Historically, when sentiment starts improving, assets like ADA, XRP, Ethereum, and Bitcoin move with it.
What ADA Holders Should Watch in December
The key support remains clear at $0.414–$0.415. Holding above this zone keeps ADA stable. The main resistance sits at $0.43–$0.44, and breaking it would signal stronger bullish momentum.
Austin believes December has a real chance to be a positive month for the Cardano price. That doesn’t guarantee a massive 30% rebound, but the ingredients are finally lining up: QT ending, stronger macro sentiment, a possible rate cut, and ADA sitting right above a major support zone.
Overall, Cardano enters December with a much healthier setup than it had in November. If sentiment continues to improve,the ADA price could finally see the kind of recovery many holders have been waiting for.
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