Cardano experienced a sharp correction from its local high of $0.258 set on August 22, declining to $0.189 on August 30. The TD Sequential indicator generated a buy signal on the daily chart, a setup that preceded significant price rallies during its three previous occurrences. The $0.20 support level, which previously acted as resistance, represents a crucial pivot point for the next move. Analysts are targeting $0.238 and $0.258 to the upside, while a breakdown below $0.171 would signal a bearish structure shift. Buying pressure remains present, as indicated by a CMF above +0.05, suggesting the continuation of the uptrend remains viable.
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