Cardano (ADA) Prints “Black 9” Buy Signal After 6-Month Grind – Analyst Reveals Next Targets

Sometimes the loudest signals come from the quietest charts. The rest of the crypto market watches Bitcoin and its price behavior, but Cardano just flashed a technical setup that has historically preceded meaningful moves.

Ali Martinez, a well-known crypto analyst on X, posted a weekly chart of Cardano that shows the TD Sequential indicator printing a “black 9.” For those who follow technical analysis, that’s a signal worth paying attention to.

The ADA weekly chart reveals the setup

Looking at the weekly chart shared by Ali, the pattern becomes clear. The ADA price has been grinding lower since the December highs, making a series of lower highs and lower lows. 

The TD Sequential indicator is a tool that counts price bars in a sequence to help spot potential turning points in the market. And right now, it’s just completed a full count. That “black 9” showing up on the weekly timeframe is essentially the indicator’s way of saying the current trend may be running out of steam, and that a reversal could be just around the corner.

This is not a random signal. The TD Sequential has a track record of marking major turning points on Cardano’s weekly chart. The current “black 9” appears after six months of grinding, the kind of extended consolidation that often precedes significant moves.

The chart shows the ADA price currently trading near $0.26, with clear levels marked for validation and targets. The $0.23 support is identified as the level that must hold on a weekly close to validate the setup. Above, the targets sit at $0.32 and $0.37, representing significant upside from current levels.

What the TD sequential signal means

The way the TD Sequential works is pretty straightforward. It counts price bars until it hits a specific number, and when a “9” shows up on the weekly chart, it’s generally a signal that the current trend has run its course and a reversal is likely coming.

What makes this particular setup interesting is that the “black 9” is appearing after a prolonged downtrend, which indicates the sellers may finally be losing their grip and buyers could be getting ready to step in. 

That timeframe matters for traders looking to position for a potential move. The validation level at $0.23 provides a clear invalidation point. As long as the ADA price holds above this level on a weekly close, the bullish setup remains intact.

What’s next for ADA

The setup is pretty straightforward. ADA needs to hold above $0.23 on a weekly close to keep this whole thesis valid. If it manages to do that, the path toward $0.32 opens up, and beyond that, $0.37 comes into view. But if $0.23 breaks to the downside, the signal gets invalidated and the price would likely find itself heading toward $0.20 or even lower.

After six months of grinding sideways, the TD Sequential indicator has flashed a buy signal. Ali Charts has identified the levels that matter. Now the market decides whether this becomes the start of a recovery or another false dawn.

CoinCodex’s 1-month ADA price prediction places the token at $0.3855, pointing to significant upside from current levels near $0.26 if the TD Sequential buy signal plays out.