{"id":26686,"date":"2024-02-24T20:10:43","date_gmt":"2024-02-24T20:10:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ada-near-key-level-as-analyst-says-cardano-faces-correction\/"},"modified":"2024-02-24T20:10:43","modified_gmt":"2024-02-24T20:10:43","slug":"ada-near-key-level-as-analyst-says-cardano-faces-correction","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ada-near-key-level-as-analyst-says-cardano-faces-correction\/","title":{"rendered":"ADA near key level as analyst says Cardano faces correction"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/cardano-coin-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/cardano-coin-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/cardano-coin-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/cardano-coin-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Cardano (ADA) traded below $0.60 as a TD Sequential indicator flashed a sell signal.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Crypto analyst Ali says this indicator previously saw bearish flips for ADA.<\/span><\/li>\n<li><span style=\"font-weight: 400\">ADA still eyes a run to the psychological $1 level.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/cardano\/\">Cardano<\/a> is trading near $0.60 on Saturday afternoon, about 1.3% up in the past 24 hours. However, with price dipping below the above area, its likely sellers could eye further moves amid broader crypto market correction.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Analyst says ADA faces correction<\/span><\/h2>\n<p><span style=\"font-weight: 400\">A sell signal in the form of a TD Sequential indicator on Cardano\u2019s 3 day chart. That is the outlook crypto analyst Ali shared via X on February 23.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In technical analysts, the TD Sequential helps traders identify a potential reversal point in an asset\u2019s market trend. With it, traders can pinpoint buy or sell signals \u2013 with this usually the case for token prices either reversing upward or downward.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As the analyst notes, <a href=\"https:\/\/coinjournal.net\/news\/tag\/cardano\/\">Cardano\u2019s price<\/a> has corrected downward on previous occasions when this indicator flashed bearish. Ali <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1760972502132535740\">wrote<\/a>:<\/span><\/p>\n<p><em><span style=\"font-weight: 400\">\u201cThe TD Sequential indicator shows a sell signal on the #Cardano 3-day chart. It\u2019s important to note that the last two times this indicator signaled bearish, $ADA experienced a price correction!\u201d<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400\">Here\u2019s the chart the analyst shared:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-187352\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/02\/cardano-chart-by-ali.jpg\" alt=\"\" width=\"2048\" height=\"1379\"\/><\/p>\n<p><span style=\"font-weight: 400\">Cardano reached highs of $0.63 on February 20 but could fall to support at $0.50 if bulls fail to hold above $0.57. The next major support area could be around $0.45. <\/span><\/p>\n<p><span style=\"font-weight: 400\">On the flipside, invalidation of the sell signal may see buyers target intraweek highs. Potential resistance above $0.60 could be at mid-December highs of $0.66. Above this level, ADA may run to the psychological $1 level.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ada-near-key-level-as-analyst-says-cardano-faces-correction\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Cardano (ADA) traded below $0.60 as a TD Sequential indicator flashed a sell signal. Crypto analyst Ali says this indicator previously saw bearish flips for ADA. ADA still eyes a run to the psychological $1 level. Cardano is trading near $0.60 on Saturday [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26686"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26686"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26687"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}