Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ADA ADA's latest Tom DeMark Sequential buy signal: Historical rebound patterns attract attention again
After Cardano (ADA)'s latest Tom DeMark Sequential buy signal appeared, the market paid close attention to its trend. The indicator has sent similar signals three times before, followed by a strong rebound of as high as 50.9%. Currently, ADA trading prices are above its 50-day and 200-day moving averages, and the $0.196 to $0.203 range is becoming a key support area. If the price breaks above $0.24, it will open up space for paths to $0.256 and $0.275; conversely, if it breaks below support, it may drop to $0.178.
Analysts point to another ADA rally
Cardano's ADA receives a new Tom DeMark Sequential buy signal as token prices stay above the key moving average. Analyst Ali Charts recorded the signal on the ADA's daily chart. Looking back at historical data, the recent technical pattern settings on June 25, July 15 and August 18 this year predicted subsequent price rebounds of 44.5%, 11.5% and 50.9% respectively.
Analysts pointed out that the latest Sequential readings could signal another rally in the ADA. The indicator has previously marked three recent lows ahead of strong price movements. According to analysts, the June 25 signal preceded a 44.5% rise; the July 15 signal corresponded to an 11.5% increase; and the August 18 signal preceded a 50.9% increase. However, the latest signal comes against the backdrop of the ADA's recovery from a deeper decline, leaving traders watching whether the token can maintain its recent market structure.
ADA runs above key moving average
In March this year, ADA prices traded around $0.27 to $0.28, and then entered a long downward cycle. Selling pressure intensified in June, pushing token prices into the $0.158 to $0.16 range. Since then, the decline has stabilized between $0.14 and $0.16 in late June.
Since July, the ADA has reached a higher low and successfully exceeded $0.178. In August, the token price climbed to near $0.24, and then fell back again to around $0.20 due to profit-taking. Currently, ADA trading prices are around $0.208, while the 50-day moving average is around $0.203. At the same time, the 200-day moving average is around $0.196. ADA is still operating above these two moving averages, and the 50-day moving average has exceeded the 200-day moving average, forming a golden cross.
Resistance keeps traders focused
The current technical landscape establishes $0.196 to $0.203 as a key support area. Above it,$0.217 constitutes the first resistance level, followed by the high range of $0.236 to $0.240. During the rebound in August, this high range encountered strong pressure to refuse to sell. If the price effectively exceeds $0.24, it will expose room for development towards $0.256 or even $0.275. However, if support in the $0.196 to $0.203 region is lost, the ADA price may drop to $0.178. In addition, trading volume amplified during the August increase and then gradually returned to moderate levels.
With ADA trading around $0.208, this technical indicator provides another reference for the market. The current Relative Strength Index (RSI) is 66.60, with an average of 65.95, while the MACD line remains above the signal line, showing certain bullish momentum.
