Cardano Steadies Near $0.41 as TD Buy Signal Puts $0.54 in Focus
The broader downtrend still needs confirmation above $0.45 before any reversal call.
Overview
- ADA is trading just above $0.41 with a tight 0.39–0.41 intraday band, indicating low‑energy consolidation.
- Analysts highlight $0.37 as the must‑hold support that preserves the bullish setup outlined by the TD Sequential signal.
- Price is resting on a multi‑year ascending trendline that has previously marked transitions between corrections and recoveries.
- A measured move toward $0.54 is the first upside objective, with $0.60–$0.68 possible if the falling channel breaks to the upside.
- Technical structure remains cautious below key moving averages with dense mid‑range sell liquidity, even as trading volume has improved during the consolidation.