Cardano (ADA) Price To Rebound After Prolonged Decline, All You Need To Know

The Coin Republic
The Coin Republic
ADA+0.33%

Cardano price signaled potential exhaustion of its recent downtrend after the TD Sequential indicator flashed a “9” buy setup.

At the same time, the token pressed into resistance levels near $0.84. Analysts said the move could set the stage for an advance toward $1.00 if buyers sustained pressure.

All levels and indicator readings cited were at the time of writing.

Cardano Price Tests Resistance Zone After Indicator Shift

The TD Sequential indicator, designed to track trend exhaustion, printed a “9” on the daily chart for ADA.

Historically, such setups often marked the end of extended bearish phases. Following this signal, ADA briefly gained before trending lower.

At press time, the Cardano (ADA) price was around $0.8082, down 3.79% over the past 24 hours and 5.79% lower over the week, but still nearly 12% higher compared to one month earlier.

Source: X
...
Visit source
4.35K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.