Cardano has reclaimed the $0.80 mark after bouncing back from $0.71, showing a bullish higher-low pattern. Momentum has turned positive, with RSI over 60 and MACD indicating a bullish crossover. BBTrend has surged to +5.22, suggesting strong volatility and breakout potential. Open interest has reached $917M, the highest level in 2025, confirming growing trader confidence.
Bitcoin hit a new all-time high of $111,861 on May 22, leading the Crypto Fear & Greed Index to 73 (Greed) – its highest reading in weeks. This surge in sentiment has reignited momentum in major altcoins, with Cardano reclaiming $0.80 and showing signs of a bullish continuation.
Cardano’s price action in 2025 has been volatile. On March 2, ADA surged from $0.64 to $1.19, marking an 85% increase in a single day. However, profit-taking caused a sharp correction, dropping to $0.5114 on April 2, a 57% decrease. Since then, ADA has been recovering, climbing to $0.84 on May 10, briefly correcting to $0.71 on May 19, before bouncing back above $0.80.
The current climb is supported by a bullish structure of higher lows. Price is trading above a rising trendline, with key support at $0.7526 and resistance at $0.8533. A break above this zone could lead to $0.934 in the short term.
Cardano’s price indicators have shifted bullishly, with RSI rising above 61.13 and MACD completing a bullish crossover. BBTrend has also turned positive, reaching +8.9913 – its highest level in months. This confirms rising volatility alongside bullish price action, validating the breakout attempt.
Volume trends support the move, with spot and derivatives activity surging in May. Open interest is now at $917M, the highest in 2025, indicating growing trader conviction and real capital inflow behind the price push.
In the short term, a bullish forecast is likely if ADA maintains support above $0.75-$0.77. A breakout above $0.853 could lead to gains toward $0.93-$0.94 in the next 7-10 days. However, failure to sustain above $0.75 may expose ADA to downside risk toward $0.72 or $0.647 in a broader pullback.
Overall, the technical and on-chain analysis supports a bullish bias for ADA in the short term. While resistance at $0.85 may cause temporary obstacles, the overall structure favors upside continuation, potentially targeting $0.93 within the next 10 days.
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