Cardano $ADA is a Buy, According to the TD Sequential Indicator

Cardano $ADA Flashes TD9 Buy Signal, Price Eyes $0.90

Cardano has registered a TD9 buy signal on the daily timeframe, highlighting a potential reversal after a persistent downtrend. The indicator reflects that bearish momentum is fading, which in turn creates the conditions for a rebound if buying pressure intensifies.

Source : X

The price has traded within successive bearish candle, but oversold conditions now come together with this reversal indicator. If ADA holds $0.80 support (which is extremely important for confirmation), then we could see price test resistance levels around $0.85 to $0.90

On the weekly chart, Cardano is trading just above the 50-week moving average at $0.7365. Analysts identify resistance at $0.9587 as the crucial level that could define ADA’s next move.

ADA Weekly Chart | Source : X

Momentum indicators are mixed, RSI is steady at 52.76, and the Stochastic RSI rises to 78.63. A move above $0.96 could open the door to new highs, but a failure could instead send the price towards $0.4559.

Derivatives and Market Positioning

Derivatives data is cautiously optimistic, with futures volume decreasing 3.86% to $3.24B but open interest up 1.54% to $1.61B. This combination presents weakened activity but sustained positioning from traders getting ready for a move.

Options activity was extremely wea, with volume down 92.94% to $66.59K and open interest down 0.27% to $374.92K. However, the long/short ratios of Binance and OKX are still strongly positive, at 2.84 and 2.57, respectively, indicating bullish expectations on major exchanges.

The ratio is even stronger for the top traders, with Binance accounts displaying a ratio of 3.2772 and a skew in positions of 2.3564. Volatility is on display with $1.31M in liquidations in 24 hours, with $709.49K in shorts and $597.70K in longs.

Governance and Market Sentiment

Cardano is now a community-governed protocol with no founding entities in its constitution. In the vote, DReps staked ₳12.82B, of which ₳5.43B voted, and 74.98% voted for the transition, which exceeded the 60% threshold.

Source : X

SPOs participated with a total stake of ₳21.89B, with 60.04% approval and ₳15.06B voting, which is just above the 51% threshold. This result makes Cardano the only major blockchain with full on-chain governance that is now being controlled by its stakeholders.

Cardano Community Backing

Cardano's strength is further supported by its community sentiment, as CoinMarketCap data places ADA as the sixth most bullish asset. About 88.4% of the voters are optimistic about ADA, which puts ADA in the same league as rival coins like Solana and VeChain at 88.7%.

Cardano has also demonstrated impressive performance metrics, surpassing Bitcoin by 200% since its inception and achieving 140% gains in the last year. While the market as a whole is still volatile, community engagement and robust governance are still fundamentals for long-term confidence.