Cardano’s Future Uncertain as TD Sequential Hints at Possible Reversal

Cardano (ADA) is facing bearish pressure near $0.57, as the TD Sequential indicator suggests a possible trend reversal. The chart shows weeks of falling price levels and declining highs, prompting analysts to anticipate a retest of the $0.62 resistance before further downtrend towards the $0.52-$0.51 support region. 96% of traders are currently long on ADA, though only 14% remain profitable. This sentiment is reflected in high leverage and increasing liquidation risks. Analysis suggests that a buy signal from TD Sequential could mark a turning point for ADA’s downtrend.