Cardano (ADA) is staging a cautious rebound after testing the critical 
$0.52–$0.57 support range, a zone that has historically triggered major 
reversals. Related Reading: Galaxy Digital Slashes Bitcoin EOY Price Target To 
$120,000 Market analyst Ali Martinez highlighted that every touch of this area 
since late 2024 has resulted in a sharp upside reaction, signaling strong 
buyer interest. ADA now trades around $0.53, with bulls aiming to defend this 
zone to avoid retracements. The rebound coincides with improving on-chain 
sentiment and growing accumulation around long-term supports. Analysts say 
that as long as ADA maintains this base, the path toward $0.72 and $1.15 
remains valid. A close below $0.52, however, could reintroduce bearish 
pressure and delay recovery hopes. ADA&#8217;s price trends to the downside on the 
daily chart. Source: ADAUSD on Tradingview TD Sequential Buy Signal Hints at a 
Cycle Bottom Adding to optimism, the TD Sequential indicator recently printed 
a buy signal on ADA’s three-day chart, a pattern known for marking potential 
market bottoms. Historically, similar setups have preceded strong bullish 
reversals, suggesting that sellers may be losing control. Trading volume and 
long/short ratios also support the bullish view. According to Coinglass, long 
positions now represent 52% of open interest, reflecting renewed trader 
confidence. A breakout above $0.60 could confirm the reversal, paving the way 
for a wider rally toward the $0.72 resistance level identified by several 
analysts. Can Cardano (ADA) Sustain Its Momentum? While ADA’s short-term 
charts show potential for recovery, longer-term indicators remain cautious. 
Cardano continues to trade inside a descending parallel channel formed since 
December 2024, with resistance sitting near $0.72. Analyst Valdrin Tahiri 
noted that unless ADA reclaims the $0.60 zone, the broader trend remains 
bearish. Regardless, the combination of strong support, bullish confluence 
signals, and improved trader sentiment paints a cautiously optimistic picture. 
Related Reading: Analyst Predicts Bitcoin Price Crash To $87,000 If This 
Happens If the rebound holds and momentum strengthens above $0.65, ADA could 
confirm a new accumulation phase, setting the stage for a possible mid-term 
breakout above $0.72 and a retest of the $1 psychological level. Cover image 
from ChatGPT, ADAUSD chart from Tradingview

Cardano (ADA) Rebounds From Lows, Eyes Key $0.72 Resistance Level

At last check on Thursday, Bitcoin (BTC) traded at around $101,000; Ethereum 
dropped by 3.8%, and top U.S. indices are also in the red.

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