Cardano's Price Inflection Point: TD Sequential Buy Signal Sparks Rebound Hopes
The Cardano price is approaching a critical technical inflection point after the TD Sequential indicator flashed a fresh buy signal on its daily chart.
This latest signal, identified by analyst Ali Charts, follows several earlier setups that preceded substantial rebounds in the ADA token. The indicator previously signaled buys on June 25, July 15, and August 18, which were followed by rallies of 44.5%, 11.5%, and 50.9% respectively.
The latest signal gives bulls a potential reversal setup, but confirmation remains price-dependent. Cardano must hold its current support and reclaim $0.20 to strengthen the bullish case and validate the signal as the start of a broader recovery.
A decisive daily close above $0.20 would shift attention toward the $0.23, $0.24 resistance zone, with further momentum potentially sending Cardano toward $0.25, $0.26. However, failure to hold $0.17 could invalidate the immediate bullish structure and return downside risk to the $0.15, $0.16 zone.