The post Sell Signal Flashes for Cardano as Altcoin Market Rotates – appeared on BitcoinEthereumNews.com.

Cardano (ADA) has seen renewed buying interest as altcoin markets shift back into focus. The asset recently bounced from the $0.732 level -its 200-day EMA – and tested resistance near $0.7925, sparking optimism among traders. However, a new TD Sequential ‘Sell’ signal on the 4-hour chart, shared by analyst Ali Martinez, indicates that momentum may be running out of steam. This signal has historically marked periods of local exhaustion following short-term price surges. As a result, traders are watching closely to see whether ADA can hold its ground or if it’s due for a cooldown. The timing is critical, especially with other altcoins starting to rotate upward and ecosystem-specific upgrades helping to fuel Cardano’s narrative. While ADA continues to benefit from a solid community and protocol improvements, newer entrants like MAGACOIN FINANCE are starting to gain serious traction. As early-stage crypto investments come back into vogue, analysts are tracking this rising altcoin as a fresh contender in the current risk-on cycle. Cardano’s On-Chain Governance Milestone Adds Fuel Cardano’s bullish undercurrent remains supported by strong community participation. A recent on-chain governance vote saw 74% of ADA holders approve a $71 million treasury withdrawal to fund scaling upgrades including Hydra, Mithril, and Ouroboros Leios. Hydra alone is designed to support over 1 million transactions per second (TPS) via off-chain processing. Coupled with accountability measures – like milestone-based funding tied to development progress – these upgrades provide fundamental backing to Cardano’s long-term roadmap. But the altcoin isn’t moving in isolation. The broader altcoin market, reflected in the TOTAL2 index, has broken its recent downtrend, while Bitcoin dominance (BTC.D) fell from 62.5% to 61.2%. Capital is rotating into names like ENA (+12%), MYX (+100%), and ADA, suggesting renewed trader appetite for riskier assets. Still, spot volumes are 65% lower than last month, hinting at…

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Filed under: News - @ August 8, 2025 6:27 am