Nov 5, 2025
2 0
Cardano’s TD Sequential Buy Signal Suggests Potential Upward Reversal
The token recently traded at $0.53 after a low of $0.48, with the broader crypto market experiencing a downturn.
- Trading volume increased by 13% to $1.8 billion, indicating heightened market activity.
- Total crypto market capitalization fell to $3.39 trillion, with $1.73 billion in liquidations over the past day.
Cardano Updates
- Despite market turbulence, the Cardano Foundation celebrated founder Charles Hoskinson's birthday.
- The TD Sequential indicator revealed a buy signal for [https://holder.io/coins/ada/](ADA), suggesting a potential trend reversal.
- Historically, such signals have led to strong upward movements when combined with oversold RSI levels.
ADA Price Analysis
- ADA broke below its descending triangle support, retesting the $0.50 zone.
- Critical support is between $0.35 and $0.40; a breakout above $0.80 could target $1.20.
- A macro move could potentially drive prices up to $10, an 1,800% increase from current levels.
Market Sentiment
- Extreme fear often precedes local bottoms, leading to accumulation opportunities.
- If ADA's buy signal is validated and volume remains high, a significant rebound might occur soon.
Other Developments
- [https://holder.io/coins/best/](Best Wallet) ($BEST) is gaining traction in the non-custodial wallet sector, raising over $16.8 million in presales.
- The wallet offers early access to vetted crypto presales, lower transaction fees, and staking yields up to 78%.