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Coin Edition 2025-02-10 09:14:00

Cardano (ADA) Price Drop May Be Over: Analyst Sees an Imminent Rebound based on TD Sequential Indicator

The TD Sequential indicator for the ADA price action has flashed a buy signal. Ali Martinez has highlighted that the ADA price chart is “showing signs of a potential rebound.” RSI indicator reads 27.88 which means that ADA is currently being oversold in the market. Cardano (ADA) is gearing up for significant gains, according to crypto analyst Ali Martinez. Martinez noted that the technical indicators for the native token of the Cardano blockchain have turned bullish despite a 25% price crash in the past 30 days. Martinez noted that the daily candlestick chart for Cardano (ADA) against Tether (USDT) on Binance is “showing signs of a potential rebound.” The analyst stated that the “TD Sequential indicator” flashes a buy signal for the altcoin as investors are presented with strong entry points. TD Sequential Indicator The TD Sequential indicator is used to identify potential trend reversals. The indicator generates a buy signal when the bearish countdown reaches “9”, suggesting exhaustion of the downtrend. The chart shows a red “9” on the latest candle, indicating that a possible reversal could be near. Related: Charles Hoskinson’s Encrypted… The post Cardano (ADA) Price Drop May Be Over: Analyst Sees an Imminent Rebound based on TD Sequential Indicator appeared first on Coin Edition .