Cardano ADA Triggers Sell Signal as Price Falls 10.69% in a Week

Cardano (ADA) is facing a potential short-term pullback as a sell signal triggered by the TD Sequential indicator has emerged, raising concerns among traders. The signal, a commonly used tool to detect trend exhaustion, follows a recent modest rebound in ADA’s price after a sharp decline last week. At the time of writing, ADA is trading at $0.7410, reflecting a 2.17% increase in the past 24 hours but a 10.69% drop over the past week. The token’s market capitalization stands at $26.25 billion, with $711 million in 24-hour trading volume [1].

Analyst Ali Martinez highlighted the sell signal and warned that ADA could face another decline if buyers fail to defend current price levels. Traders are closely monitoring key support zones that could determine the token’s next trajectory. Martinez’s warning comes amid growing uncertainty about whether the recent recovery is sustainable or merely a bearish retracement [1].

In a bullish scenario, if ADA manages to maintain its price above the $0.73–$0.74 support range, buying pressure could return, pushing the price back toward $0.76 and potentially beyond $0.78. A decisive move above these levels might even test the $0.80 psychological resistance, which could rekindle bullish momentum in the coming weeks. However, in a bearish scenario, a failure to hold current support levels could see ADA retrace toward $0.71, and in a more pronounced sell-off, return to the $0.68–$0.69 range. Such a move would validate the TD Sequential signal’s bearish outlook and could delay any significant recovery [1].

ADA’s near-term direction now depends on whether buyers can counteract the sell signal. Market sentiment is expected to play a crucial role in determining the token’s path in the coming days. The post first appeared on Coindoo [1].

Source: [1] Cardano Price Faces Potential Pullback as Sell Signal Emerges (https://coinmarketcap.com/community/articles/6890c50aed9a175f01ae4beb/)