Cardano (ADA) Rebounds, Targets $0.72 Resistance Amid Bullish Signals

Cardano (ADA) is experiencing a cautious rebound after touching the critical $0.52–$0.57 support range, a historically significant zone for reversals.

Market analyst Ali Martinez noted that every interaction with this area since late 2024 has led to sharp upward reactions due to strong buyer interest.
ADA is currently trading around $0.53, with bulls aiming to maintain this level to avoid downward pressure.
Improving on-chain sentiment and accumulation of long-term supports bolster the rebound.
If ADA holds above this base, targets of $0.72 and $1.15 remain feasible; dropping below $0.52 could invite bearish pressure.

Cardano ADA ADAUSD

TD Sequential Buy Signal Suggests Cycle Bottom

The TD Sequential indicator has issued a buy signal on ADA's three-day chart, often marking market bottoms.
Trading volume and long/short ratios support a bullish outlook, with long positions making up 52% of open interest according to Coinglass.
A breakout above $0.60 could confirm the reversal, potentially leading to a rally toward the $0.72 resistance level.

Long-term Momentum Considerations

Despite short-term recovery potential, Cardano remains within a descending parallel channel since December 2024, with resistance near $0.72.
Analyst Valdrin Tahiri suggests reclaiming the $0.60 zone is crucial to altering the broader bearish trend.
If ADA maintains momentum above $0.65, it might indicate a new accumulation phase and set the stage for a possible mid-term breakout above $0.72, eyeing the $1 level.