Cardano Indicator Flashes Buy Signal On 4-Hour Chart – Rebound Ahead? 📈
Cardano is showcasing resilience, maintaining a position above the crucial $0.70 support level despite broader market turbulence. While Bitcoin and other altcoins struggle, Cardano appears poised for a recovery rally.
According to analyst Ali Martinez, a buy signal on the TD Sequential indicator for Cardano's 4-hour chart could indicate a bullish trend shift. Historically, this pattern has been reliable during consolidation phases.
A strong rebound would require pushing past the $0.85 resistance level, signaling renewed bullish sentiment. However, failure to maintain support at $0.70 could lead to further declines.
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