A Cardano (ADA) faces a delicate moment in the markets, with the current price oscillating around $0.35, close to the key support level established at $0.37. In this context, analysts have identified a relevant technical pattern worth noting: the formation of a signal from the Sequential methodology, known for its accuracy in identifying trend reversals.
What the Sequential Indicator Says About ADA
The Sequential technique, developed by renowned analyst Tom DeMark, works through a numerical count that maps buy and sell cycles. When this pattern completes in historically significant areas, such as the current region of $0.37, it gains strength as a predictive tool. According to expert Ali Martinez, maintaining this support floor is essential for the coin to aim for the price target of $0.54.
Market Dynamics and Whale Behavior
On-chain data reveal positive signals among large ADA holders. Whale activity, combined with information from derivatives markets, points to a bullish bias. These indicators suggest that institutional and experienced investors are positioned optimistically, reinforcing the thesis that the support at $0.37 could be an important turning point.
Open Scenarios
If ADA manages to stay above $0.37, the trajectory toward $0.54 becomes more likely in the upcoming moves. On the other hand, a breakdown below this critical level would prolong the selling pressure phase, potentially leading to deeper tests. Currently, volatility remains high, and traders should closely monitor the price behavior in this sensitive zone.
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ADA in Critical Zone: Sequential Pattern Signals Potential Recovery Above $0.37
A Cardano (ADA) faces a delicate moment in the markets, with the current price oscillating around $0.35, close to the key support level established at $0.37. In this context, analysts have identified a relevant technical pattern worth noting: the formation of a signal from the Sequential methodology, known for its accuracy in identifying trend reversals.
What the Sequential Indicator Says About ADA
The Sequential technique, developed by renowned analyst Tom DeMark, works through a numerical count that maps buy and sell cycles. When this pattern completes in historically significant areas, such as the current region of $0.37, it gains strength as a predictive tool. According to expert Ali Martinez, maintaining this support floor is essential for the coin to aim for the price target of $0.54.
Market Dynamics and Whale Behavior
On-chain data reveal positive signals among large ADA holders. Whale activity, combined with information from derivatives markets, points to a bullish bias. These indicators suggest that institutional and experienced investors are positioned optimistically, reinforcing the thesis that the support at $0.37 could be an important turning point.
Open Scenarios
If ADA manages to stay above $0.37, the trajectory toward $0.54 becomes more likely in the upcoming moves. On the other hand, a breakdown below this critical level would prolong the selling pressure phase, potentially leading to deeper tests. Currently, volatility remains high, and traders should closely monitor the price behavior in this sensitive zone.