Author: Gabby

The cryptocurrency Cardano (ADA) is generating fresh interest after a technical indicator known as the TD Sequential flashed a buy signal, hinting at a potential price rebound. Currently trading around $0.2495, ADA has experienced a modest daily gain but remains down nearly 5.8% over the past week and roughly flat over the last month. This mixed performance has left traders questioning whether the recent buy signal can translate into a sustained upward move.

The TD Sequential indicator, which aims to identify trend exhaustion, suggested that the recent 15% decline over ten days may be losing steam. According to popular analyst Ali Martinez, who has been tracking Cardano’s price action, the indicator previously issued a sell signal on May 10, which accurately preceded the subsequent drop. Now that a buy signal has emerged, some market participants believe a local bottom could be forming. The first upside targets are seen near $0.255, with a more optimistic goal around $0.262 if buying pressure intensifies.

However, several cautionary signs persist. ADA continues to trade below both its 9-day and 21-day moving averages, which are situated near $0.2559 and $0.2605, respectively. This moving average configuration indicates that sellers still hold the upper hand. Additionally, the Relative Strength Index (RSI) is hovering near 43.87, well below the neutral 50 level, suggesting weak momentum. While the RSI has not entered oversold territory, it has fallen below its signal line, confirming that the brief bounce from early May has faded.

Volume data also raises concerns. Daily trading volume for ADA stands at about 35.84 million coins, which is moderate compared to previous spikes during major moves. Without a significant uptick in buying activity, the token may struggle to break through resistance levels. Derivatives data further reflects caution: total futures volume dropped 16.49% to $491.40 million, while open interest declined 4.38% to $540.86 million. Options activity saw a dramatic 92.94% decrease in volume, signaling reduced participation from sophisticated traders.

From a fundamental perspective, Cardano’s ecosystem continues to evolve. The Lace wallet received updates ahead of the Van Rossem hard fork, introducing migration fixes and new features. However, founder Charles Hoskinson recently warned that the project could lose key scientists if a research funding proposal fails, which adds an element of uncertainty. The price prediction now hinges on three critical levels: support at $0.246, which must hold to preserve the bullish signal; resistance at $0.255, which would indicate short-term strength; and a decisive break above $0.262 to confirm a more robust recovery. For now, the TD buy signal offers cautious optimism, but the broader trend remains fragile.

Bitcoin price found stability around the $78,000 mark on Thursday, supported by a combination of improving geopolitical conditions, reduced institutional outflows, and strengthening technical markers. The cryptocurrency touched an intraday high of $78,180 before settling near $77,960, according to market data.

Risk appetite received a lift after U.S. President Donald Trump indicated that ongoing discussions with Iran could soon reach a conclusion. This development helped ease concerns about prolonged disruptions in the Strait of Hormuz, which have kept energy markets on edge since March. Crude oil futures, which had surged above $99 per barrel, retreated slightly following the remarks, reflecting reduced fears of a sustained supply shock.

Bitcoin and similar risk assets have remained closely tied to oil price fluctuations in recent months, as higher energy costs could complicate the Federal Reserve’s inflation management and delay potential rate cuts. The easing of Middle East tensions provided a welcome reprieve for traders monitoring these dynamics.

On the institutional front, spot Bitcoin ETF outflows slowed markedly to $70 million on Wednesday, a sharp drop from the $648 million and $331 million seen on Monday and Tuesday, respectively. This deceleration suggests that selling pressure from large investors may be abating, offering additional support to Bitcoin’s price as it attempts to overcome resistance near $78,000.

Adding to positive sentiment, SpaceX revealed in an SEC filing that it holds 18,712 Bitcoin, significantly surpassing earlier estimates of around 8,285 BTC. This disclosure positions the aerospace company’s Bitcoin treasury above that of Tesla, reinforcing the narrative that Elon Musk-associated companies maintain substantial long-term exposure to the digital asset despite recent market turbulence.

From a technical perspective, Bitcoin’s weekly chart displays a double bottom pattern, with the asset defending the $64,000 to $66,000 support zone twice between February and April. The neckline of this formation sits near the psychological $80,000 level, which has acted as a stubborn resistance point over the past several weeks. Double bottom patterns are typically interpreted as bullish reversal signals, as they indicate weakening bearish momentum after repeated failed attempts to break lower.

Momentum indicators are tilting in favor of bulls, with the Aroon Up indicator rising to 85.71% while the Aroon Down indicator fell to 14.29%, highlighting growing upward momentum and fading bearish pressure. Bitcoin continues to trade above its Supertrend support near $75,560, a key floor during May’s consolidation phase, and remains above both the 50-day and 100-day moving averages at $76,226 and $72,455, respectively. However, the 200-day moving average near $80,973 poses a major overhead barrier; a decisive break above this level could pave the way for a broader bullish continuation.

If the double bottom is confirmed, classical breakout projections suggest a potential target between $92,000 and $95,000, based on the distance from the neckline to the bottom formation. Derivatives data from CoinGlass highlights significant liquidity clusters, with short liquidation zones concentrated between $78,000 and $81,000, while a large liquidity pool sits below $76,800. This imbalance could lead to increased volatility as Bitcoin approaches these levels.

Despite the encouraging signs, macro uncertainties persist. Any setback in U.S.-Iran negotiations could reignite fears of supply disruptions in the Middle East, potentially boosting oil prices and reinforcing inflationary pressures. For now, Bitcoin bulls are focusing on reclaiming the $80,000 neckline, which may determine whether the developing pattern leads to a recovery rally toward the mid-$90,000 range or fizzles out.

London-listed trading giant IG is set to broaden its digital asset offerings across Europe by tapping into Bitpanda’s infrastructure. This move, reported by CoinDesk, will see IG’s European arm utilize Bitpanda’s liquidity, connectivity, and market data to provide crypto access to investors in the region. The expansion follows IG’s earlier launch of crypto trading for UK retail clients and aims to extend similar services throughout Europe, though a specific timeline has not been provided.

Bitpanda, headquartered in Vienna, holds MiCA licenses in Germany and Malta, enabling it to offer crypto services across the European Union under the passporting framework. IG, known for introducing financial spread betting in the UK decades ago, now serves 1.3 million global clients, offering access to equities, forex, commodities, and derivatives. In the first quarter of 2026, IG reported revenue of £331.2 million, with spot crypto contributing £2.4 million, indicating a nascent but active crypto segment.

IG has been actively expanding its crypto footprint through strategic deals, including acquiring a 70% stake in Australian crypto exchange Independent Reserve for A$109.6 million and selling Small Exchange to Kraken for $100 million. Meanwhile, Bitpanda has seen its 2025 revenue rise 16% to €371 million, with 7.4 million users and live MiCA licensing. The partnership between IG and Bitpanda connects these growth trajectories, as IG seeks to offer regulated crypto trading to European investors and Bitpanda positions its infrastructure for financial firms entering the digital asset space.