Cardano's (ADA) recent price movements have hinted at a potential resurgence, with significant growth across its network suggesting a continued upward trajectory. Despite joining the broader market recovery, ADA's uptrend may not be over yet, according to crypto analyst Ali Martinez. A closer examination of the token's on-chain data and technical indicators reveals a compelling case for a retest of the $0.40 mark.

The price-DAA divergence has reinforced the bullish bias, indicating a potential increase to $0.40. Moreover, the Tom DeMark (TD) Sequential indicator has presented a buy signal on Cardano's chart, signaling a turning point in the price. This gauge of trend exhaustion suggests that ADA's sellers are exhausted, providing buyers with an opportunity to purchase at lower prices.

At the time of writing, ADA was trading at $0.38, but if the buy signal is validated, the altcoin's value could surpass this level, with potential targets at $0.40. While market fluctuations can be unpredictable, Cardano's network growth and on-chain data suggest a strong foundation for a continued price increase.

As the crypto market continues to experience volatility, Cardano's resilience and growth have positioned it for a potential breakout. With its focus on sustainability and scalability, Cardano's network has been gaining traction, attracting users and developers alike. If the current trend continues, ADA may soon retest the $0.40 mark, defying market expectations and solidifying its position as a prominent player in the cryptocurrency space.