The TD Sequential indicator has issued a buy signal for Cardano (ADA), suggesting a potential end to the recent downtrend. ADA is trading at $0.5255, having declined 18.63% over the past week. The indicator has reached a count of 9, a level often linked with the cessation of bearish momentum. Support is noted at $0.52–$0.51, with resistance at $0.62.
Market analyst Ali_charts highlighted the signal, which historically precedes short-term stabilization in volatile assets like ADA. However, a confirmed reversal would require ADA to break above $0.63. On-chain data indicates increased accumulation by holders, but traders are advised to remain cautious due to high leverage and potential liquidation risks.
Cardano ADA Buy Signal Indicates Potential Trend Reversal
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