- ADA pulled back to around $0.27 after failing to break above $0.30 resistance
- TD Sequential indicator suggests a possible 1–4 week recovery window if support holds
- Key level to watch is $0.23, with upside targets at $0.32 and $0.37
Cardano’s ADA is kind of sitting in that uncomfortable middle zone right now, not quite breaking down, but not exactly pushing forward either. Earlier in the week, price made a run toward $0.29, which looked promising for a moment, before losing steam and drifting back closer to $0.27. It’s one of those moves that gives you a bit of optimism… then quickly reminds you the market isn’t fully convinced yet.
Still, something new has entered the picture. A signal from crypto analyst Ali Martinez is starting to catch attention, hinting that the next few weeks could look different, assuming certain levels actually hold.

Short-Term Strength Meets Familiar Resistance
Looking back at recent price action, ADA did show signs of life. On March 16, it climbed roughly 7.5% and even managed to break above a descending trendline that had been capping it for weeks. That breakout, brief as it was, pushed price toward $0.29 and gave the impression that maybe momentum was finally shifting.
But then… the same story played out again. As ADA approached the $0.30 zone, it ran straight into the 50-day EMA, which continues to act like a wall more than anything else. Sellers stepped in, again, and price pulled back. Things got worse a few days later when a broader crypto sell-off hit the market, dragging ADA down about 5.5% as liquidations picked up. So yeah, any bullish momentum didn’t last long.
Strong Fundamentals Keep the Bigger Picture Intact
Even with all that short-term noise, Cardano’s longer-term story hasn’t really changed. There are still a few developments quietly building in the background that could matter, maybe not immediately, but over time. The Midnight privacy sidechain is expected to launch soon, and depending on how the market reacts to privacy-focused features, that could shift sentiment a bit.
On top of that, Protocol 11 is in the pipeline, aiming to improve smart contract performance across the network. And then there’s institutional positioning, which often gets overlooked. Grayscale recently increased ADA’s allocation in its Smart Contract Platform Fund to just over 20%, which isn’t insignificant. So while price looks stuck, the fundamentals… they’re not exactly weak.
TD Sequential Signal Points to a Possible Reversal Window
Now, the more interesting part comes from Ali Martinez’s analysis. On the weekly chart, the TD Sequential indicator has printed what’s known as a “9,” sometimes called a black 9, which typically shows up when a downtrend is starting to lose strength. It doesn’t guarantee a reversal, but it often marks a shift in pressure.
According to Ali, this setup could open a window of about 1 to 4 weeks where ADA has room to move higher, assuming support holds. The chart itself shows a long stretch of downward movement followed by tighter price action, which usually means sellers are running out of momentum, slowly. It’s not dramatic, but it’s noticeable.

Key Levels Will Decide What Happens Next
Everything now comes down to a few key levels, and honestly, they’re pretty clear. ADA needs to hold above $0.23 on a weekly close to keep this bullish setup intact. If that level holds, the first upside target sits around $0.32, with a potential move toward $0.37 if momentum builds further.
But if $0.23 breaks, the whole structure kind of falls apart. That would likely push ADA back into a deeper consolidation phase, maybe even extend the broader downtrend. So yeah, it’s a bit of a fork in the road right now.
Cardano has been stuck in a slow grind downward for months, and this moment feels… different, but only slightly. Whether it actually turns into a sustained recovery or just another failed attempt will depend on how price behaves in the next few weeks. No shortcuts here.
Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.

3 hours ago
10









English (US) ·