Cardano Buy Signal Returns as Analyst Eyes ADA Rebound to $0.42

Cardano Buy Signal Returns as Analyst Eyes ADA Rebound to $0.42

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News Editor 01
2026-07-23 01:40:14
Analyst Ali Charts says Cardano’s daily SuperTrend indicator turned bullish near $0.27, the first major reversal since September 2025. Traders are now watching whether ADA can hold $0.25 support and break toward $0.33 and $0.42.
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Cardano has flashed another buy signal on the daily chart. Crypto analyst Ali Charts said the SuperTrend indicator turned bullish near $0.27, marking the first major reversal signal since September 2025. The previous signal from the same indicator had correctly pointed to ADA’s extended decline.

ADA went through a long corrective phase over recent months, with persistent bearish pressure dragging the token down by nearly 73%. That stretch weighed heavily on sentiment across the market. In Ali Charts’ view, the latest SuperTrend reversal suggests Cardano’s local exhaustion phase may be over, while the current consolidation could become the base for a wider recovery in the weeks ahead.

$0.25 support remains central to the setup

The chart shared by the analyst shows Cardano stabilizing in the $0.25 to $0.27 range after spending months moving sideways under bearish conditions. Now the SuperTrend indicator has shifted below price action, a change many traders read as an early sign that momentum is moving back toward buyers.

Ali Charts also pointed to ADA’s ability to stay above the $0.25 support level despite repeated downside pressure. That level remains critical for preserving the current bullish structure. At the same time, downside volatility has eased, and Cardano is no longer printing the aggressive lower lows that defined much of its earlier bearish trend.

$0.33 and $0.42 stand out as upside levels

Even with the technical picture improving, ADA still faces key resistance before a broader recovery can be confirmed. Ali Charts said the first level to watch is $0.33, an area that had previously served as major support before sellers accelerated the correction.

If Cardano breaks above $0.33 with strong trading volume, bullish expectations could strengthen and open the way toward the next upside target at $0.42. If the token loses $0.25 instead, the bullish setup would weaken and the expected continuation higher could be delayed.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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