Cardano price is sitting at $0.266 after the weekly chart printed a TD Sequential “black 9,” the same exhaustion signal that preceded a 307.54% bull rally the last time it appeared, according to crypto analyst Ali.
The setup arrives as ADA script deployments cross 300k, and Cardano formally joins the LayerZero network, connecting it to over 160 blockchains in the project’s most significant interoperability move to date.
ADA coin has been grinding lower for six months, but two developments this week, one technical, one structural, are pulling analyst attention back to the asset.
Cardano Script Deployments Cross 300,000
As reported by Bankless Times, Cardano is now linked to Ethereum, Solana, Aptos, and more than 160 other chains through LayerZero’s Omnichain Fungible Token standard, which enables cross-chain smart contract functionality across all participating networks.
LayerZero’s ecosystem holds roughly $90 billion in liquidity spread across approximately 10,000 smart contracts, and over 700 tokens are now eligible for deployment on Cardano.
That lands alongside a separate milestone. Cardano has crossed 300,000 deployed scripts: 133,117 Plutus contracts and 168,030 native scripts.
The network’s eUTXO model, with its upfront fee calculation, deterministic execution, and local wallet-side transaction validation, has historically been cited as a friction point for EVM-native developers. The LayerZero OFT standard directly addresses that compatibility gap, and its deployment makes the 300,000-script figure more meaningful than it would be in isolation.
Analyst Flags Buy Signal on ADA Price Chart
Analyst Ali Charts flagged the weekly TD Sequential “black 9” signal on ADA this week, noting that the recent downtrend appears exhausted. The setup, per his read, typically opens a 1-to-4-week window for upward expansion, provided the price holds. The condition is that the Cardano price must close the weekly candle above $0.23. A break below that level invalidates the entire structure.
If buyers defend $0.23, Ali Charts puts the first meaningful target at $0.32 and extends the bullish case to $0.37 on a successful rebound. Those levels aren’t arbitrary; $0.37 was a prior reaction high visible on the weekly chart, and $0.32 sits roughly midway through the range that would need to be reclaimed.
The historical context matters here. On the 3-week chart, the last TD Sequential 9 buy signal for Cardano coin appeared near the lows, and the price rose 307.54%. That prior setup printed at a comparable structural position to the current one, around $0.263.
The Cardano price prediction from Ali Charts isn’t calling for a repeat of that magnitude; the target range of $0.32 to $0.37 is far more conservative, but the pattern reference is relevant to how traders are reading the weekly close.
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