As the price approaches $0.30, momentum is gradually weakening, with the 50-day EMA continuing to act as a strong resistance level. Sellers have defended this level multiple times, forcing ADA to retreat again. On March 19, ADA dropped approximately 5.53% as the entire cryptocurrency market faced significant sell-offs, further exacerbated by increased liquidation activities in leveraged positions.
Despite the price still being in a consolidation phase, several factors continue to support Cardano's long-term outlook. The anticipated launch of the Midnight privacy sidechain at the end of March could influence market sentiment, especially with the rising focus on privacy features.
This situation creates a scenario where the fundamentals are stable while the price remains affected by broader market conditions.
Ali Martinez's TD Sequential signal suggests that ADA's price may rise in the next 1 to 4 weeks.
A close examination of the weekly chart shared by Ali Martinez reveals a key development that has garnered attention. The TD Sequential indicator shows a “9” signal, commonly referred to as a “black 9,” indicating that the downtrend is beginning to lose strength after a period of decline.
He explains that this setup typically points to a 1 to 4-week window, where if key support levels hold, the price may extend upwards. The chart structure shows a continued downtrend phase, followed by tighter candlesticks and reduced selling pressure, suggesting that sellers may be losing control after months of decline.
His framework provides clear levels to define the next movements. ADA must hold above the $0.23 support level at the weekly close for the setup to remain valid. If this level is maintained, it will open the path to $0.32, with the next target at $0.37 if the price continues to strengthen.
A drop below $0.23 would invalidate this setup and could push ADA back into a deeper consolidation phase.
Additionally: Analysts note that silver prices just touched the $70 support level—now is not the time to panic.
Cardano is currently positioned between a bullish technical signal and a market environment still fraught with uncertainty. The TD Sequential setup described by Ali Martinez provides a clear roadmap, but confirmation still relies on ADA's ability to defend support levels and gradually rise to higher levels.
The price movements in the coming weeks may determine whether this signal develops into a sustained rebound or fades like previous attempts. Cardano has been in a slow downtrend for months, and this moment could represent an opportunity for a new trend to begin.