Cardano About to Explode? Watch $0.80 Closely
Cardano (ADA) price has been consolidating under key resistance levels, but recent technical signals suggest something big may be on the horizon. With price action narrowing and volume dropping, ADA price could be approaching a decisive breakout — but in which direction?
Cardano Price Prediction: What’s Happening on the Daily Chart?
ADA/USD Daily Chart- TradingView
The daily Heikin Ashi chart shows ADA currently trading around $0.757 , which is just above the 20-day and 50-day simple moving averages (SMAs), but below the 100-day SMA ($0.7188) and the 200-day SMA ($0.8025). These levels form a significant compression zone — a tight space where prices often coil before a strong move.
ADA price rejection from the $0.88–$0.90 range earlier in May created a local top. Since then, it's retraced to test support levels near $0.73, which interestingly aligns with the 50-day SMA.
Mathematically, if ADA price closes below $0.73 , the next daily support from the Fibonacci retracement tool lies near $0.68, with deeper downside possible to $0.62.
However, if ADA can reclaim $0.78 and close above the 200-day SMA at $0.80, bulls may target the psychological resistance at $1.00, which would mark a 31.9% upside from current levels. This makes $0.80 a crucial trigger zone for bullish momentum.
What Does the Hourly Chart Say?
ADA/USD 1 Hr Chart- TradingView
Zooming into the 1-hour chart, Cardano price is in a tightening channel . Price is currently battling against a cluster of moving averages — 20, 50, 100, and 200 SMAs — all trending downward in a bearish ribbon. The short-term moving averages (20 and 50) are below the long-term averages (100 and 200), indicating bearish pressure remains dominant in intraday timeframes.
Recent hourly candles show lower highs and lower lows — a classic descending triangle pattern forming between $0.75 support and $0.77 resistance. If this structure breaks down, ADA could fall quickly to $0.73, matching the support level seen on the daily chart.
However, if bulls manage to flip the 100-hour SMA at around $0.768, the short squeeze toward $0.786–$0.79 becomes likely, where heavy resistance from the 200-hour SMA sits.
Is Volume Supporting the Move?
Volume on both daily and hourly timeframes has been gradually declining, a classic sign of a breakout or breakdown brewing. Volume will be the key to validating any move beyond $0.80 or below $0.73. If bulls enter with strength on a breakout, momentum could take ADA past the $0.90 highs from earlier this month.
Cardano Price Prediction in May 2025
If Cardano price maintains support above $0.73 and breaks above $0.80, a rally toward $0.95–$1.00 is in sight. The current RSI and MACD (not shown, but typically tracked) suggest neutrality, meaning the market is awaiting a trigger — likely Bitcoin's next move or macro news.
But if ADA breaks down below the $0.73 support, bears could take control, pushing the price to the next Fibonacci levels at $0.68 and possibly even $0.62.
Considering the narrowing range, ADA’s price is likely to make a 10%–20% move in either direction within the next 5–7 trading sessions. Traders should watch the $0.73–$0.80 band very closely.
Conclusion
Cardano price is in a tight squeeze between strong support and firm resistance . While short-term charts favor bears, the daily chart still leaves room for a bullish comeback. A decisive move is imminent — and whichever side breaks first will likely control ADA’s trajectory for the rest of May.
Let’s keep an eye on the $0.80 resistance and $0.73 support. ADA is coiled, and it's only a matter of time before it strikes.
Cardano (ADA) price has been consolidating under key resistance levels, but recent technical signals suggest something big may be on the horizon. With price action narrowing and volume dropping, ADA price could be approaching a decisive breakout — but in which direction?
Cardano Price Prediction: What’s Happening on the Daily Chart?
ADA/USD Daily Chart- TradingView
The daily Heikin Ashi chart shows ADA currently trading around $0.757 , which is just above the 20-day and 50-day simple moving averages (SMAs), but below the 100-day SMA ($0.7188) and the 200-day SMA ($0.8025). These levels form a significant compression zone — a tight space where prices often coil before a strong move.
ADA price rejection from the $0.88–$0.90 range earlier in May created a local top. Since then, it's retraced to test support levels near $0.73, which interestingly aligns with the 50-day SMA.
Mathematically, if ADA price closes below $0.73 , the next daily support from the Fibonacci retracement tool lies near $0.68, with deeper downside possible to $0.62.
However, if ADA can reclaim $0.78 and close above the 200-day SMA at $0.80, bulls may target the psychological resistance at $1.00, which would mark a 31.9% upside from current levels. This makes $0.80 a crucial trigger zone for bullish momentum.
What Does the Hourly Chart Say?
ADA/USD 1 Hr Chart- TradingView
Zooming into the 1-hour chart, Cardano price is in a tightening channel . Price is currently battling against a cluster of moving averages — 20, 50, 100, and 200 SMAs — all trending downward in a bearish ribbon. The short-term moving averages (20 and 50) are below the long-term averages (100 and 200), indicating bearish pressure remains dominant in intraday timeframes.
Recent hourly candles show lower highs and lower lows — a classic descending triangle pattern forming between $0.75 support and $0.77 resistance. If this structure breaks down, ADA could fall quickly to $0.73, matching the support level seen on the daily chart.
However, if bulls manage to flip the 100-hour SMA at around $0.768, the short squeeze toward $0.786–$0.79 becomes likely, where heavy resistance from the 200-hour SMA sits.
Is Volume Supporting the Move?
Volume on both daily and hourly timeframes has been gradually declining, a classic sign of a breakout or breakdown brewing. Volume will be the key to validating any move beyond $0.80 or below $0.73. If bulls enter with strength on a breakout, momentum could take ADA past the $0.90 highs from earlier this month.
Cardano Price Prediction in May 2025
If Cardano price maintains support above $0.73 and breaks above $0.80, a rally toward $0.95–$1.00 is in sight. The current RSI and MACD (not shown, but typically tracked) suggest neutrality, meaning the market is awaiting a trigger — likely Bitcoin's next move or macro news.
But if ADA breaks down below the $0.73 support, bears could take control, pushing the price to the next Fibonacci levels at $0.68 and possibly even $0.62.
Considering the narrowing range, ADA’s price is likely to make a 10%–20% move in either direction within the next 5–7 trading sessions. Traders should watch the $0.73–$0.80 band very closely.
Conclusion
Cardano price is in a tight squeeze between strong support and firm resistance . While short-term charts favor bears, the daily chart still leaves room for a bullish comeback. A decisive move is imminent — and whichever side breaks first will likely control ADA’s trajectory for the rest of May.
Let’s keep an eye on the $0.80 resistance and $0.73 support. ADA is coiled, and it's only a matter of time before it strikes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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