Cardano (ADA) is showing signs of life again after a wider crypto market rebound on Thursday, breaking back above the $0.25 mark and flipping into bullish territory. While price action has turned positive, several technical and on-chain signals are beginning to line up — boosting talk that ADA could be poised for a more meaningful rally.
Veteran trader and market analyst Ali Martinez took to X to lay out a bullish case for Cardano. Martinez points to a SuperTrend flip on the daily chart — the same indicator that he says warned of the prior downturn when it issued a sell signal on September 25, 2025, ahead of a roughly 73% correction. That indicator has now moved to a buy signal, which Martinez interprets as the end of a local exhaustion phase and the start of a potential trend reversal.
Based on that setup, Martinez expects an initial run toward the $0.33 resistance level, with a secondary target of $0.42 if momentum holds. He frames $0.25 as the key support level: as long as ADA stays above it the bullish thesis remains intact; a break would likely delay — not necessarily negate — the optimistic outlook.
On-chain data appear to support growing confidence. Santiment reports that large stakeholders have been steadily accumulating since December 2023. Wallets holding at least 1 million ADA now control roughly 25.09 billion ADA, which the firm says equals about 67.47% of the circulating supply. That accumulation is notable given that Cardano lost roughly 71% of its market capitalization over a nine-month stretch — suggesting whales and “millionaire-tier” holders have been buying the dip.
Taken together, the technical flip and renewed accumulation by big holders create a constructive setup for ADA, but risk remains tied to broader market conditions and the $0.25 level. If these trends continue, they could help sustain a steady upward move; if not, the rally may stall or retrace. Traders will be watching price action around $0.25 and whether the SuperTrend signal holds on the daily chart.
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