Eseandre Mordi
⬤ Cardano has caught traders' attention after a technical buy signal appeared on the weekly chart. The TD Sequential indicator has flashed a buy signal, hinting that selling pressure might be cooling off after months of decline. ADA is now consolidating near recent lows following a sharp downturn.
⬤ The $0.37 level has emerged as critical support. This zone lines up with the lower boundary on the weekly chart and needs to hold to prevent further losses. Key Fibonacci levels suggest that holding above $0.37 could open a path toward $0.54, which aligns with the 0.618 retracement zone and represents the first major target if buyers step in.
⬤ Recent price action shows less downside pressure compared to earlier weeks when Cardano faced strong selling. The smaller candles forming near current prices point to possible stabilization rather than an immediate reversal. The TD Sequential buy signal arrived after an extended decline, typically indicating trend exhaustion rather than instant upside momentum.
⬤ This setup matters for the broader crypto market since Cardano serves as a key large-cap altcoin benchmark. Holding $0.37 would signal that sellers are losing grip, potentially boosting sentiment across similar assets. Breaking below this level would damage the recovery outlook and keep downside risks alive. The next few weekly closes will determine whether ADA can build momentum toward higher levels or faces continued pressure.
Eseandre Mordi
