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ADA (Cardano) indicates an upward signal in the important buy zone at $0.37
What is ADA
Cardano’s native token, ADA, is one of the most prominent cryptocurrencies gaining attention in the blockchain industry. Known for its scientific approach, it serves as the core of a third-generation blockchain platform equipped with smart contract functionality.
Technical Analysis Indicates Buy Signals
In recent price movements, ADA triggered an upward signal in the TD Sequential at the $0.37 level. This technical indicator is highly regarded among market participants as a sign of potential trend reversal. Developed by Tom DeMark, this method tends to show particularly strong reactions at historic turning points such as support and resistance zones.
The current price has risen to $0.39, which suggests that this buy signal is significantly influencing market psychology. According to technical analyst Ali Martinez, maintaining the $0.37 support zone is crucial for achieving the next target of $0.54.
Market Environment Improvement and Concerns
On-chain data analysis indicates increased activity among large holders (whales), and derivative market positions are showing more long-biased signals, suggesting overall upward pressure is mounting.
However, a key point to watch is that if the price breaks below $0.37, further downward pressure could intensify. It is clear that this support zone is a critical turning point for ADA’s short-term price trend. Market participants should monitor this level closely and consider position management accordingly.