Cardano Holds Above $0.70, TD Sequential Signals Potential Rebound

Cardano (ADA) has demonstrated resilience amidst broader market turbulence, maintaining its position above the critical $0.70 support level. Despite macroeconomic uncertainties and heightened trade war fears, ADA has managed to hold steady, offering a glimmer of hope for investors anticipating a breakout. While other cryptocurrencies, including Bitcoin, have faced selling pressure, Cardano's current market structure suggests a potential strong recovery rally.

Analysts are now focusing on reclaiming higher levels to confirm a bullish reversal. According to top analyst Ali Martinez, Cardano has recently flashed a buy signal on the td Sequential indicator on the 4-hour chart. This technical pattern has historically been a reliable indicator for short- to mid-term price rebounds, particularly during consolidation phases like the one ADA is currently experiencing.

If this signal holds and buyers step in with strength, Cardano could soon challenge its next resistance zones and begin a new upward move. With market sentiment cautiously optimistic, ADA might be one of the first altcoins to lead the way in a broader recovery. The TD Sequential indicator, known for predicting potential reversals or short-term trend changes, has sparked renewed hope for Cardano's future performance.

Cardano has been one of the more resilient altcoins during a period of heightened selling pressure across the crypto market. While broader macroeconomic conditions have pushed equities and crypto into volatile zones, ADA has managed to hold its ground above crucial support levels. This performance has caught the attention of investors and analysts who believe Cardano could lead the next leg up once the market finds its footing.

With the market beginning to form local lows and signs of a potential rebound emerging, sentiment is cautiously optimistic. However, some experts warn that this could be a temporary pause in a larger corrective phase. The lack of clarity around global economic direction continues to cast a shadow over all risk assets, including crypto. For Cardano, a new technical development has sparked renewed hope.

Martinez’s analysis reveals the TD Sequential indicator has just flashed a buy signal on ADA’s 4-hour chart. Historically, this signal is known for predicting potential reversals or short-term trend changes, especially during periods of consolidation. If the pattern plays out, Cardano could be preparing for a breakout move, positioning itself ahead of many other altcoins.

A successful rebound would require ADA to reclaim higher resistance levels and confirm bullish momentum. But with a technical buy signal in place and market-wide signs of stabilization, the stage could be set for Cardano to initiate a recovery in the days ahead. Currently, Cardano is trading at $0.71 after several days of struggling to reclaim the 200-day exponential moving average (EMA) near $0.73. Despite the resistance, ADA has held firmly above the 200-day simple moving average (MA) around $0.70, a level acting as key demand support in recent sessions. This tight range between the 200-day MA and EMA reflects growing pressure on bulls and bears as ADA approaches a critical decision point.

For bulls to regain control and shift momentum in their favor, a decisive push above the $0.85 level is essential. Reclaiming this price zone would confirm a breakout from the current consolidation and potentially trigger a recovery rally toward higher resistance levels. Such a move would signal renewed bullish sentiment and open the door for ADA to revisit early 2024 highs. On the downside, failure to hold the $0.70 level could spell trouble. If ADA drops below this support, a sharp move toward $0.60—or even lower—could follow, especially amid broader market weakness. A break below $0.60 would mark a significant technical breakdown, potentially wiping out recent gains and resetting ADA’s bullish structure. As price action tightens, the next few days will be critical for determining Cardano’s short-term direction.