Cardano is showing an early technical sign of a possible rebound after weeks of declining prices. Analyst Ali Martinez identified a TD Sequential buy signal on ADA’s three-day chart, with the token trading near $0.191. The development follows a sharp correction that has pushed Cardano below several recovery levels. Separate analysis from analysts identified the prices ADA must regain before a larger bullish move becomes possible.
Cardano Price Records TD Sequential Buy Signal
Analyst Martinez Cardano price prediction places the top crypto among three major altcoins showing possible signs of a reversal. ADA crypto dropped 35.41% from $0.2822 to $0.1823 during its recent decline. Its three-day chart then recorded a TD Sequential nine-count and a Sequential 13 buy signal near the lower end of that trading range.
The TD Sequential tracks consecutive price movements to identify when an existing trend may be running out of momentum. A nine-count can signal that selling pressure is tiring, while a completed 13-count provides another possible reversal indication.
ADA crypto still needs buyers to push the price higher and sustain the recovery. The newest candles remain near recent lows, and Cardano has not yet recovered the higher prices that preceded its October slide.
ADA Crypto Faces Recovery Tests
Martinez identified $0.2268 as the first upside level for Cardano. A recovery above that price would bring the resistance around $0.2677 into consideration. Both targets remain above the $0.191 level shown on the latest three-day chart, leaving ADA with ground to recover before reaching the upper target.
Another market analyst, 360Trader, has identified $0.25 as a separate hurdle. Cardano price would need to rise about 31% from $0.191 to reach that level. The price is another test of whether buyers can maintain a recovery beyond the first rebound.
360Trader places a much higher threshold at $1.37, which he associates with the start of a stronger bullish market phase for ADA crypto. Reaching that point would require a sustained advance well beyond the short-term targets.
Analyst 360Trader also compared Cardano’s current weekly structure with the base that preceded its previous major market advance. ADA crypto gained roughly 2,000% during that cycle and reached a record price of $3.10 in September 2021.
A repeat of a 2,000% gain from $0.191 would place ADA near $4.01. The analyst has not set a date for a repeat of the previous cycle, and Cardano has yet to reclaim the nearer levels identified in his analysis.
Ethereum and Solana Show Similar Three-Day Setups
Martinez identified a completed TD Sequential buy signal on Ethereum’s three-day chart as well. ETH crypto fell 22.64% from $2,806 to $2,171 before the indicator appeared. A recovery could take Ethereum toward $2,500, while a move above that level would place a resistance trendline near $2,700 in focus.
Solana has also developed a possible buy setup after falling 27.31% from $124.89 to $90.78. Martinez said the signal was still forming. If the sequence completes and SOL holds support near $90, the next recovery levels stand at $105 and approximately $120.
This article provides market information, not investment advice. Cryptocurrency investments involve volatility and potential losses. Readers should conduct independent research before making investment decisions.
Kelvin is an experienced crypto journalist with over 6 years of experience backed by an Actuarial Science and English Degree. He has over 10,000 works published under his profile in several major media sites in the crypto, Web 3, and Finance sectors.
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