Cardano's Daily TD Sequential Flashes Bullish Signal, Analyst Eyes $0.20 Target
Key Takeaways
- •Cardano recovered the $0.17 level after a two-week correction and now shows a bullish TD Sequential signal on the daily chart.
- •Analyst Ali Martinez is watching $0.20 as the next target, with $0.188 identified as an important technical confirmation point.
- •Whale holdings of 1–10 million ADA fell from 2,370 to 2,340 during the pullback before the price stabilized and regained ground.
- •The Dijkstra upgrade is planned in two phases, starting with Linear Leios in Q4 2026 and followed by Ouroboros Peras in Q2 2027.
- •Cardano has recently seen institutional-related developments, including Grant Thornton’s on-chain audit attestations and Nasdaq’s inclusion of ADA in crypto index futures.
On-chain signals are beginning to align for Cardano (ADA) on the daily time frame, according to mainstream crypto analyst Ali Martinez. After enduring a two-week correction that followed last month's double-digit rally, ADA — the native token of the proof-of-stake blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson — has managed to restore the $0.17 resistance territory, accompanied by a bullish TD Sequential signal.
The Tom DeMark Sequential, developed by veteran market technician Tom DeMark, counts consecutive price candles to identify points of trend exhaustion, and a completed buy setup of the kind now flashing on ADA's daily chart is conventionally read by chartists as a sign that downward momentum is losing force.
Cardano Bulls Unveil Targets Upon Complete Correction
Martinez's principal near-term target is $0.20. That price range was last touched on August 6, 2026, when Cardano's utility-driven rally topped out. During last week's correction, the Tom DeMark Sequential indicator had been signaling a selling sentiment before flipping bullish — a pullback that was clearly triggered by whales.
Cardano hit my $0.170 target. Now I'm turning BULLISH. The daily TD Sequential has flashed a buy signal, suggesting a rebound could be starting for $ADA . I'm targeting $0.20 next. pic.twitter.com/QXa9uPD0bS
— Ali Charts (@alicharts) August 18, 2026
During that pushback, the number of whales holding 1–10 million ADA — a cohort whose on-chain balances are widely tracked as a rough proxy for large-holder positioning — declined from 2,370 to 2,340, leading many crypto enthusiasts to believe a deeper drawdown was next. Instead, ADA found its footing at $0.158, held steady for a couple of days, and confirmed its position in the $0.17 price range.
With bulls pushing through, the path to $0.20 passes a crucial checkpoint designed to flip the price trend back to bullish. From a technical standpoint, the next confirmation line sits at $0.188, converging with the SuperTrend's green line pictured in the chart.
Meanwhile, the True Strength Index (TSI) bottomed roughly three days ago, and an upward convergence of the indicator's blue and pink lines would reinforce Martinez's bullish thesis if the SuperTrend price reaches the green point.
Cardano's Institutional Game Stronger Than Ever
The $6.5 billion-valued cryptocurrency could also receive a substantial liquidity boost once the brand new Dijkstra upgrade kicks in.
🚨 $Cardano is preparing for a major upgrade. The Dijkstra era is coming in two phases: 🔹 Q4 2026: Linear Leios — higher throughput, Endorser Blocks, nested transactions & more. 🔹 Q2 2027: Ouroboros Peras — another major step toward stronger and faster Cardano… pic.twitter.com/G22Xb1IuOR
— MB👊 (@Mb_you_know) August 17, 2026
The launch is divided into two campaigns. Phase one arrives in Q4 2026, featuring the Linear Leios scaling solution, nested transactions, a new serialization structure, and Plutus V4 changes to the chain's smart-contract language. The other phase activates the Ouroboros Peras consensus protocol via a separate hard fork, with a target timeline of Q2 2027 — developments that could make Cardano's mainnet and the Midnight side-chain, a privacy-focused network built around data protection, considerably more attractive to institutions.
$ADA is showing relative strength while Dijkstra, Leios and evolving governance set important foundations. The key question is whether technical progress translates into stronger liquidity, adoption and sustainable demand. Fundamentals matter. 🧠 pic.twitter.com/61QYmHfMy2
— K P O N E 🧠 (@K41P0NE) August 17, 2026
These upgrades build on other institutional milestones. Grant Thornton launched on-chain financial audit attestations on Cardano this year, while Nasdaq included Cardano (ADA) in crypto index futures alongside Bitcoin (BTC) and Ether (ETH) — steps that place ADA within regulated venues for derivative exposure and third-party verification of on-chain records. For readers tracking both threads, the near-term markers remain concrete: whether the daily SuperTrend confirms at $0.188, and whether the Q4 2026 Linear Leios activation stays on its stated schedule.
