Sanara's 15min chart triggers Bollinger Bands Expanding Downward, Bearish Marubozu Signal

Sanara's 15-minute chart exhibits a notable pattern, as the Bollinger Bands have recently expanded downward. This bearish Marubozu formation at 09/23/2025 15:15 indicates that the market trend is being driven by selling pressure, with sellers exerting significant control over the market. As such, it is likely that bearish momentum will continue to prevail in the near term.

Cardano (ADA) has shown significant recovery, rebounding from a daily low of $0.80 and now testing the $0.90 resistance level Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. The momentum is building, with traders eyeing the psychological $1 mark as the next major target. This rebound comes amid a surge in ETF approval odds for ADA, which have climbed to a record 92%, boosting investor confidence Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

Reliance Global Group has added ADA to its digital asset treasury, citing strong fundamentals such as Cardano's peer-reviewed, scalable design, energy-efficient proof-of-stake system, and growing real-world adoption Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. The publicly-listed insurance and financial services firm's decision is not opportunistic but focused on long-term value, as evidenced by their previous acquisition of Ethereum and the addition of Cardano to their portfolio Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

On-chain growth signals are also adding to optimism, with the Cardano mainnet surpassing 114 million transactions, highlighting steady adoption even during uncertain market conditions Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. This growth is a positive indicator for the asset's long-term prospects.

However, the market trend is being driven by selling pressure, as indicated by the bearish Marubozu formation on Sanara's 15-minute chart at 09/23/2025 15:15 . This formation suggests that sellers are exerting significant control over the market, and bearish momentum is likely to continue in the near term.

The weekly chart of Cardano shows the asset pressing against the upper boundary of a descending wedge that has defined its price action since 2021. If ADA can confirm a breakout above $0.85 with rising volume, it could open the door for a run toward $1.00, with $1.50 standing out as the next significant target if bullish momentum sustains Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].

Supporting indicators include narrowing Bollinger Bands, suggesting a volatility expansion is near, and a weekly MACD that is close to a bullish crossover. The RSI at 57 also signals room for further upside before becoming overheated Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1]. However, if ADA is rejected at resistance again, the risk of a pullback remains, with a return to the $0.35–$0.45 accumulation zone testing long-term support Reliance Global Buys ADA for Treasury as ETF Odds Surge to 92%, Cardano Eyes $1^[1].