ADA Flashes BUY: SuperTrend Signals Major Breakout Ahead

Technical indicators indicate extreme underpricing, and Cardano ADA shows a SuperTrend buy signal. Weekly volume spikes with bullish divergence.

The native token ADA of Cardano has caused a critical buy signal. According to crypto analyst Ali Charts, the SuperTrend indicator has switched to a bullish signal. ADA is at present trading at $0.4463, and it has gained 1.64 percent in the past 24 hours.

Its market capitalization is worth 16.02 billion. Trade volume has been as high as 694.47 million in the last day. Its fully diluted valuation is pegged at 20.08 billion.

Extreme Divergence Points to Explosive Move

The underestimation levels are unprecedented based on technical patterns. HM Research on X says that “Cardano is the most underpriced asset I have ever seen”. The analyst noted the formation of critical divergence on the weekly timeframes.

Source:  HM Research X 

Bullish divergence against price action in Weekly RSI. The Stochastic RSI is at floor levels at the moment. These two pointers are historically followed by significant price reversals.

HM Research tweeted: “Something BIG is coming, and you are not bullish enough. The analyst mentioned the termination of quantitative tightening. Cryptocurrency market liquidity can be stimulated by changes in federal monetary policy.

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SuperTrend Confirms Bullish Momentum Shift

The bullish thesis is confirmed by the SuperTrend technical indicator. Ali Charts registered the buy signal activation on X. SuperTrend is a combination of price action and volatility-based trailing stops.

Source:   Ali Charts

This indicator is good at detecting shifts in trends early. The buy signal is an indication that the trend has changed in favor of the bulls. SuperTrend is widely used by traders to enter an existing trend.

Volume trends hold the technical image even after negative growth. The 19.17% decline in 24-hour volume is still above the critical support levels. The accumulation in market structure indicates prevailing price levels.