Crypto analyst Ali Martinez says Cardano may have finally turned a corner: a long-watched SuperTrend signal on ADA’s daily chart has flipped from sell to buy, months after the same tool flagged the start of a deep decline. The technical shift arrives as on-chain metrics from Santiment show large ADA wallets accumulating to record levels—adding a structural layer to the short-term picture.
Martinez highlighted the SuperTrend’s prior reliability on ADA, noting the indicator’s sell signal on September 25, 2025, which preceded a roughly 73% collapse in price. In a post on X, he called the recent flip “notable,” but cautioned it’s not an automatic guarantee of a sustained rally. He laid out clear levels for traders: initial upside resistance near $0.33, a secondary target at $0.42 if momentum continues, and an invalidation level at $0.25.
In parallel, Santiment’s on-chain data shows the largest Cardano wallets have been quietly increasing their holdings through the drawdown. Wallets holding at least 1 million ADA now control 25.09 billion tokens—about 67.47% of supply—which Santiment says is an all-time high balance for that cohort and the highest supply share since July 2020. The analytics firm notes this accumulation stretches back to December 2023, even as ADA’s market cap fell roughly 71% over the past nine months.
That combination—an indicator flip and concentrated accumulation—creates a clearer short-term setup than Cardano has seen through much of the correction. If $0.25 holds as support and the SuperTrend buy signal translates into renewed demand, ADA could test the $0.33 zone and then $0.42. But the concentration of supply among large holders cuts both ways: it can signal conviction during a selloff, yet it also makes future price swings more sensitive to whether those wallets keep buying, pause, or distribute into strength.
In short: technicals hint at a reversal, on-chain flows show whales accumulating, and traders will be watching $0.25 closely as the make-or-break level. At press time, ADA was trading around $0.2664.
Read more AI-generated news on: undefined/news
