Peter Smith
Timing the market is every trader's dream, and for Cardano holders, that perfect moment might have just arrived. A powerful buy signal from a trusted technical indicator has sparked an immediate price jump, putting ADA back in the spotlight and giving bulls reason to celebrate.
Crypto Trader Flags TD Sequential Buy Signal
The move caught the attention of well-known crypto analyst Ali Martinez, who quickly spotted what triggered the rally. He announced on social media: "Cardano $ADA is a buy, according to the TD Sequential indicator!"
The TD Sequential is a timing tool that professional traders use to spot when a trend is running out of steam and might reverse. When it flashes a buy signal, it often means the selling pressure is done and a new bullish phase could be starting.
ADA Bulls Take Charge: Key Levels Broken on Binance
Trading data from September 2nd shows ADA had a strong day on Binance's perpetual contract. The token opened at $0.8010 and pushed higher throughout the session, reaching a daily high of $0.8257. Despite bears trying to drag it down to $0.7975, bulls fought back and closed at $0.8168.
This 2% daily gain (+$0.0160) broke through important resistance and suggests the short-term trend might be shifting in favor of the bulls.
The Road Ahead: Can ADA Sustain Its Momentum?
The real test is whether ADA can keep this momentum going. Bulls need to watch the daily high at $0.8257 – breaking above this level could open the door to targets around $0.8500 and $0.8700.
If the price pulls back, traders will be watching for support around $0.8050 (the old resistance level) and stronger support at $0.7975.
This shows how technical analysis combined with credible insights can help navigate crypto's wild swings. Now everyone's watching to see if ADA can make the most of this bullish signal.
Peter Smith
