#Cardano shows buy signal on weekly chart after 6 months of slump, highlighted by Ali Martinez.
After a prolonged and significant price correction, Cardano may finally be entering an uptrend expansion.
The February decline marked the sixth consecutive month that ADA has tested lower price levels.
The TD Sequence indicator showed a "Black 9," a bullish reversal signal suggesting the continued downtrend may be nearing its end.
ADA needs to close above the $0.23 support level on the weekly chart to confirm the uptrend.
If this support holds, Cardano's target price could be $0.32, with potential for further gains to $0.37.