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 cautious optimism. MAGACOIN FINANCE could deliver 64x gains, analysts say Against this backdrop, MAGACOIN FINANCE is drawing increased attention for its explosive potential. The project has been crowned by multiple analysts as the top crypto presale for ROI-hungry investors, with some forecasting it could deliver a 64X return in the next market cycle. This bold projection stems from a mix of strategic momentum and limited early access. The MAGACOIN FINANCE presale has been progressing rapidly, with each round selling out in record time. The latest stage just launched after the previous one closed within minutes – driven by a flood of new investors looking to capture the early mover advantage. The project’s fundamentals are also earning trust: MAGACOIN recently secured top security audit scores, reinforcing confidence among risk-conscious buyers. Beyond hype, what sets MAGACOIN FINANCE apart is its blend of timing and traction. With major exchange listings on the horizon, its current price point represents a unique opportunity. For those who missed early-stage entries in coins like ADA, MAGACOIN could be the one chance to catch a similar breakout before it makes headlines. Technical view: caution still warranted for ADA From a technical lens, ADA is flashing mixed signals. While RSI is rebounding from oversold territory and the MACD histogram suggests waning bearish pressure, the TD Sequential “9” sell signal can’t be ignored. If ADA breaks below the $0.74 threshold on rising volume, traders may look to the $0.72–$0.70 zone for the next area of support. On the other hand, a close above $0.7925 could confirm continuation toward $0.8449 and set the stage for a local breakout. For now, ADA’s near-term fate hinges on whether momentum can overcome exhaustion. Conclusion: big coins vs big gains Cardano’s fundamentals remain strong, and its community continues to push the project forward. But for investors hunting outsized returns in a fast-moving market, legacy coins like ADA may offer slower upside compared to early-stage projects. That’s why analysts are increasingly turning to MAGACOIN FINANCE. With exchange listings coming soon and analysts saying it can deliver 64X, its window of opportunity may not stay open for long. For those aiming to ride the next breakout wave, MAGACOIN FINANCE looks well-positioned to lead the charge. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance The post Sell signal triggers caution for ADA: analysts favor new altcoin with 64x potential appeared first on Invezz
