- Cardano (ADA) shows signs of a potential rebound as the TD Sequential indicator flashes a buy signal and the RSI indicates it’s oversold at 27.88.
- With declining bearish momentum, ADA could soon experience a strong price recovery.
Cardano (ADA) may be on the verge of a major recovery. Crypto analyst Ali Martinez has identified a key buy signal on ADA’s price chart, suggesting that the bearish trend is losing strength.
TD Sequential Indicator Signals a Rebound
Martinez pointed out that the TD Sequential indicator has flashed a buy signal for ADA. This tool is used to detect trend reversals and issues a buy alert when a bearish cycle reaches exhaustion. On ADA’s latest chart, a red “9” has appeared, indicating that selling pressure may soon fade, giving way to a potential price rebound.
Oversold ADA Presents Strong Buying Opportunity
Another key indicator supporting a bullish reversal is the Relative Strength Index (RSI), which currently reads 27.88. When RSI falls below 30, it signals that an asset is oversold, meaning it is undervalued and could soon experience a price bounce. Historically, such levels have often been followed by significant upward price movements.
Cardano Price Action and Market Sentiment
Despite its 25% decline in the past month, Cardano is showing signs of resilience. At the time of writing, it is trading at $0.6941, down 1.39% in the past day. However, trading volume has surged 45%, indicating that investor interest remains strong.
The MACD indicator remains bearish, but its intensity is fading. The MACD histogram is still red, but the bars are shrinking, and the MACD and signal lines are converging. If these lines cross, it could confirm a bullish shift.
Cardano Rebounding Soon?
ADA’s technical indicators suggest that a turnaround is imminent. The TD Sequential buy signal, oversold RSI, and declining MACD bearish momentum all point toward a potential price recovery. If demand increases at current levels, ADA could see a strong rebound in the coming days.
Investors are closely watching these signals, as Cardano may be gearing up for a major price surge.
