Featured News Headlines
Cardano Buy/Sell Pressure Signals Possible Rally
Cardano– While Bitcoin (BTC) continues to dominate headlines, Cardano (ADA) may be quietly preparing for a notable move of its own. According to Joao Wedson, CEO of Alphractal, ADA could soon outperform BTC due to a rare shift in buy/sell pressure.
This kind of pressure delta reversal has historically preceded ADA rallies.
Buy/Sell Pressure Reversal: A Familiar Signal?
Cardano’s Buy/Sell Pressure Delta is currently showing a rare reversal pattern—one that, in the past (notably in 2020 and 2021), signaled the beginning of major price rallies. With Bitcoin entering a period of consolidation, ADA’s metrics suggest that it may be on the verge of a shift.
Despite the market’s current downturn, this technical development offers a glimmer of hope for ADA holders watching for a reversal.
ADA’s Oversold Conditions May Hint at Rebound Potential
ADA has dropped below $0.60, showing a steeper decline than BTC in recent weeks. Its Relative Strength Index (RSI) sits at 32.86, clearly in oversold territory. Meanwhile, both assets are flashing red MACD bars, but ADA’s lower RSI could signal it’s closer to a rebound.
This divergence might provide ADA with a short-term advantage if on-chain signals prove accurate.
Tempered Optimism Amid Historic Underperformance
Despite these bullish signs, the ADA/BTC chart shows continued underperformance. Historically, even strong buy pressure moments have failed to reverse ADA’s broader downtrend against Bitcoin.
The $0.60 support level may present a buying opportunity—but only for those aware of the risks. With BTC dominance still strong, a true ADA breakout remains uncertain.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
