On-chain signals are starting to fall in line for Cardano (ADA) on the daily time-frame, says mainstream crypto analyst Ali Martinez. Enduring a bi-weekly correction after a double-digit rally last month, Cardano’s (ADA) price managed to restore the $0.17 resistance territory along with a bullish TD Sequential signal.
Cardano Bulls Unveil Targets Upon Complete Correction
According to Martinez, the big play here is $0.20 in the near-term. That ADA price range was last touched on August 6, 2026, when Cardano’s utility-driven rally topped out. However, last week’s correction had the Tom DeMark Sequential at a selling sentiment before turning bullish. That was clearly triggered by whales.
During that pushback, the number of whales holding 1–10 million ADA fell from 2,370 to 2,340, making many crypto aficionados believe a bigger drawdown is coming up next. Instead, ADA found its foot at $0.158, waited a couple of days & found confirmation at the $0.17 price range.
With bulls pushing through, the path to $0.20 comes with a crucial checkpoint that’s designed to flip the price trend back to bullish. Technically speaking, the next confirmation line comes at $0.188, converging with the SuperTrend’s green line pictured in the chart below.
With the True Strength Index (TSI) bottoming roughly three days ago, the upward convergence of blue & pink lines in this indicator would definitely harden Ali’s bullish thesis if the SuperTrend price reaches the green point.
Cardano’s Institutional Game Stronger Than Ever
The $6.5 billion valued crypto currency could also see a substantial liquidity boost once the brand new Dijkstra upgrade kicks in.
The launch is divided into two campaigns: Phase one launches in Q4 2026, featuring the Linear Leios scaling solution, nested transactions, a new serialization structure & Plutus V4 changes.
The other phase activates the Ouroboros Peras consensus protocol via a separate hard fork, with a target timeline of Q2 2027. With Cardano’s mainnet & the Midnight side-chain becoming way more attractive to institutions.
To illustrate, Grand Thorton launched On-chain financial audit attestations on Cardano this year. Meanwhile, Nasdaq included Cardano (ADA) in crypto index futures alongside Bitcoin (BTC) & Ether (ETH).
