Cardano (ADA) and Sui (SUI) Flash Buy Signals: What Are Their Next Targets?
The cryptocurrency market has posted a slight resurgence over the past 24 hours, with ADA and SUI among the best performers.
Certain factors suggest that the uptrend may be just starting, while numerous analysts have been making bullish bets lately.
ADA’s Potential
Cardano’s native token has jumped by 6% on a daily scale, reclaiming the $0.20 psychological level. What’s more, the popular analyst Ali Martinez revealed that the asset’s Tom DeMark Sequential indicator has flashed a buy signal.
He noted that on previous occasions, such a development has identified price bottoms and has been followed by double-digit increases. “Now the indicator is signaling another rebound for ADA could be underway,” Martinez concluded.
Another positive sign is the recent exchange net flow. Data show that over the past several days, outflows have exceeded inflows, suggesting that investors have shifted from centralized platforms to self-custody, thereby reducing immediate selling pressure.
X user Sjuul | AltCryptoGems said ADA has truly surprised him this cycle after printing “very strong higher highs, one after the other in a perfectly bullish fashion.”
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