As the cryptocurrency market continues to navigate its current landscape, Cardano's recent price action has sparked interest among analysts and traders alike. According to crypto analyst Ali Martinez, a notable signal has emerged on Cardano's daily chart, potentially indicating a bullish reversal. The SuperTrend indicator, which Martinez has been tracking closely since September 2025, has flipped bullish, marking a significant shift in the asset's larger directional trend.
The SuperTrend indicator's prior accuracy is noteworthy, as it correctly timed the start of a 73% decline in ADA's price back in September 2025. Martinez's reliance on this tool is evident, as he has been tracking it closely to anticipate Cardano's long-term shifts. The new signal, however, does not guarantee a trend continuation, and Martinez has attached specific levels to the setup. The first upside area is the $0.33 resistance zone, with a secondary target at $0.42 if momentum persists. The invalidation level, in his view, sits at $0.25.
On-Chain Data Supports the Bullish Narrative
A separate on-chain read from Santiment provides additional context to the technical signal. According to the analytics firm, wallets holding at least 1 million ADA have continued to accumulate tokens throughout the drawdown, now controlling 25.09 billion tokens, representing 67.47% of the existing supply. This marks an all-time high for wallets with at least 1 million tokens and the highest supply share since July 2020. The data suggests that Cardano's key stakeholders have been consistently adding to their holdings, even as the asset's market value contracted sharply.
The combination of the SuperTrend indicator and the on-chain data from Santiment provides a cleaner short-term setup for ADA. Martinez's thesis depends on the $0.25 support level holding, while the upside case requires the fresh SuperTrend buy signal to translate into sustained demand toward $0.33 and then $0.42. As the market continues to evolve, traders will be closely watching whether the large holders continue to accumulate, pause, or distribute into strength, which will ultimately impact ADA's future price action.
