Cardano price prediction has turned cautiously bullish after a TD Sequential buy signal appeared near $0.25, but ADA still needs to defend key support before a stronger rebound can form.
Summary
- Cardano’s TD Sequential flashed a buy signal after ADA corrected 15% over ten days.
- ADA must defend $0.246 support before bulls can target $0.255 and $0.262.
- Weak RSI, falling open interest, and moving-average resistance still limit Cardano’s rebound case.
Cardano traded near $0.2495 at the latest check, with a 24-hour range between $0.247674 and $0.252127. The token was up slightly on the day, but it remained down about 5.8% over the past week and almost flat over the last 30 days.
Longer-term data still shows pressure. Cardano was down about 67.4% over the past year and 59.5% over the last 200 days. ADA also ranked 16th by market value, with a market capitalization near $9.22 billion.
The current setup places $0.246 as the level traders are watching most closely. If ADA keeps closing above that zone, the short-term bullish case remains open. A break below it would weaken the rebound setup and could return focus to lower support.
Ali Martinez said Cardano “could be primed for a rebound” after the TD Sequential indicator flashed a fresh buy signal. The analyst said the same tool gave a sell signal on May 10 before ADA fell about 15% over the next ten days.
TD Sequential points to a possible rebound
The TD Sequential is used by traders to spot possible trend exhaustion. In this case, the signal suggests that selling pressure may be cooling after Cardano’s recent drop.
Ali Martinez said the cooling phase has run its course and that the latest buy signal suggests “a local bottom is forming.” The first upside target sits near $0.255, while a move above that level could open the way toward $0.262.
Those targets line up with Cardano’s short-term moving-average zone. ADA was trading near $0.2503 on the daily chart, while the 9-day moving average stood near $0.2559 and the 21-day moving average sat around $0.2605.
That means the first rebound test is not far above the current price. A daily close above $0.2559 would show that buyers are trying to regain control. A stronger move above $0.2605 would give the bullish setup more support.
Momentum still needs confirmation
The chart still carries warning signs. ADA remains below both short-term moving averages, and the 9-day moving average is still below the 21-day moving average. That structure shows that sellers have not lost control yet.
The RSI stood near 43.87, below the neutral 50 level. That reading shows weak momentum, though ADA has not reached oversold territory. The RSI also fell below its signal line near 53.49, showing that the early-May bounce has cooled.
Volume also needs to improve. Daily chart volume stood near 35.84 million ADA, which was moderate compared with earlier spikes. Without stronger buying volume, ADA may struggle to clear the $0.255 and $0.262 resistance levels.
Derivatives data also points to caution. CoinGlass figures showed total volume down 16.49% to $491.40 million, while open interest fell 4.38% to $540.86 million. Lower open interest can show that traders are closing positions rather than adding fresh risk.
Options activity also slowed sharply. Options volume dropped 92.94% to $6,590, while options open interest slipped 0.27% to $374,920. That mix shows weak options-market participation despite the short-term TD Sequential buy signal.
Cardano news adds mixed context
Cardano’s price setup comes after recent technical reports pointed to a possible recovery. Related coverage said ADA confirmed a falling wedge breakout on May 11, with traders watching whether bulls could push price toward $0.32.
Another related report said ADA traded near $0.27 on May 14 after a bullish indicator flip followed a steep 73% drawdown. That move showed that traders were already watching Cardano for signs of a larger recovery attempt.
The network also has fresh development and governance news. Cardano’s Lace wallet received updates before the Van Rossem hard fork, with Lace 2.0.3 and 2.0.4 adding migration fixes, DApp connection fixes, view mode options, auto-lock settings, and language fixes.
At the same time, Charles Hoskinson warned that Cardano could lose scientists if a research funding proposal fails. He said Cardano’s science-based identity could be damaged if the research ecosystem loses support.
That mix gives ADA a divided backdrop. The technical signal has turned more constructive, but the broader trend remains weak. Governance concerns, low RSI, falling open interest, and moving-average resistance still matter.
For now, the Cardano price prediction depends on three levels. ADA must hold $0.246 to keep the bullish signal alive. It then needs to reclaim $0.255 to show short-term strength. A clean break above $0.262 would make the rebound case stronger and could put higher resistance zones back into focus.
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