Cardano Price Sees Fresh Buy Signal as TD Sequential Indicator Flashes
The Cardano price has triggered a fresh buy signal on its daily chart after the TD Sequential indicator flashed a signal. This comes after ADA's latest pullback and follows earlier setups that preceded substantial rebounds. The token is attempting to stabilize near recent lows, with traders watching whether this signal develops into a broader recovery.
The TD Sequential indicator previously flashed buy signals on June 25, July 15, and August 18, which were followed by ADA rallies of 44.5%, 11.5%, and 50.9% respectively. The latest signal gives bulls a potential reversal setup but confirmation remains price-dependent.
For the recovery to strengthen, ADA must hold its current support and reclaim $0.20. A decisive daily close above this level would shift attention toward the $0.23-$0.24 resistance zone, with momentum expanding beyond that area potentially challenging $0.25-$0.26.