Usman Salis
⬤ Cardano's ADA is catching traders' eyes after forming a compelling technical setup on the weekly chart. The Rider Algo indicator just flashed simultaneous signals from two different strategies—something that doesn't happen every day. After months of bleeding out, ADA's now bouncing off a major support zone, and recent weekly candles show the price trying to hold above this crucial level.
⬤ Strategy 1 combines a previous higher-high formation with the first retest of long-term support. On ADA's chart, you can see the price touching this support line and holding—exactly what bulls want to see. The Rider Algo framework treats this as part of a multi-factor confirmation rather than a standalone trigger. Right now, ADA's sitting right in this zone, and the structural behavior matches what typically happens before potential reversals.
⬤ Strategy 2 adds the momentum piece through the oscillator component. A bullish confirmation circle showed up on the histogram while price respected that same support line. When you get both price structure and momentum lining up like this on a weekly chart, it carries more weight than quick moves on lower timeframes. This double confirmation is what makes the current ADA setup particularly interesting.
⬤ This matters because ADA's been in the gutter for a while now, facing wave after wave of selling pressure. Seeing stabilization above multi-month support combined with momentum turning positive could shift how traders view Cardano going forward. Whether this actually kicks off a sustained move higher depends on that support holding firm and these indicator signals staying aligned—but at least ADA's back on the radar after being ignored for months.
Usman Salis
