Cardano price forecast: is $0.40 next as $ADA flashes buy signal?

• The supertrend indicator paints a potential bullish breakout for Cardano (ADA).
• However, the momentum may not materialize, rendering the buy signal invalid.
• ADA could target highs above $0.40 next, although the $0.25 support remains key.

Cardano price has dropped again as broader selling caps the crypto market bounce. ADA is down 3% in the timeframe and near support levels around $0.26, which mirrors the pullback for Bitcoin.

The cryptocurrency bellwether recently rallied to near $83,000, but has pared gains and currently hovers around $79,800 amid macroeconomic headwinds. Cardano’s price trajectory has aligned with the BTC drop.

However, could ADA be about to pump amid fresh buying interest?

Cardano price: daily chart flashes buy signal

Overall, cryptocurrencies are showing weakness, and ADA remains potentially bearish.

Yet, a key trend indicator is flashing bullish on the daily chart, with the SuperTrend indicator turning green.

Prices have fallen since the indicator flipped red in early February, while long-term declines go back to slip below $1 in September 2025.

The SuperTrend indicator held red for several months and coincided with an...