Cardano ADA Nears Potential Bounce as TD Sequential Signals Buy

Cardano (ADA) has drawn attention from traders and analysts as a potential reversal signal emerges on the hourly chart. A prominent crypto analyst, Ali, has pointed out a bullish setup involving the TD Sequential indicator, which is often used to identify potential exhaustion points in downtrends. According to Ali, the indicator has flashed a buy signal, suggesting that ADA could be on the verge of a bounce following recent price corrections [1].

The TD Sequential, developed by technical analyst Tom DeMark, is designed to highlight moments when sellers appear to be losing control of a trend. A buy signal typically occurs after a prolonged decline when selling pressure wanes. On ADA’s hourly chart, the indicator suggests that sellers may be running out of steam, potentially giving buyers the opportunity to push the price higher [1].

As of the latest update, ADA was trading at $0.90 on major exchanges. This price reflects a volatile week for the asset, with ADA dropping to as low as $0.77 on August 12 before surging above $1.00 just two days later [1]. The recent price swings have created an environment in which the TD Sequential buy signal is particularly relevant for short-term traders. Analysts note that traders typically look for confirmation through strong hourly closes and volume increases before treating the signal as actionable [1].

The potential bounce in ADA has also been highlighted by other market observers. A report from The Tradable noted that ADA had reached $0.9156, with technical signals indicating that the downward pressure from bears may be easing [2]. This development adds to the growing sentiment that ADA might be finding a near-term bottom.

However, while the TD Sequential buy signal is promising, it is not a guarantee of a sustained rally. Analysts caution that traders should remain cautious and look for confirmation on higher timeframes such as the four-hour or daily charts. A successful bounce might push ADA back toward the $1.00–$1.10 range, but without broader support from the overall market, the move could remain short-lived [1].

Market sentiment remains mixed, with some analysts suggesting that the signal marks the beginning of renewed strength for ADA, while others caution that further declines could occur if broader market conditions deteriorate or if Bitcoin experiences negative price action [1]. The overall trend in the cryptocurrency market will play a crucial role in determining whether the current bounce turns into a more substantial recovery or simply another consolidation phase [1].

Ali’s analysis underscores the potential for a tactical opportunity, but traders are urged to monitor the broader market environment and use proper risk management. As always, confirmation is key before committing capital to any trade [1].

Source:

[1] Times – [https://timestabloid.com/analyst-says-cardano-ada-could-be-ready-to-bounce-as-bullish-signal-slashes/](https://timestabloid.com/analyst-says-cardano-ada-could-be-ready-to-bounce-as-bullish-signal-slashes/)

[2] The Tradable – [https://thetradable.com/](https://thetradable.com/)