Cardano About to Explode? Keep a Close Eye on $0.8

Cardano (ADA) has consolidated below important resistance levels, but recent technical signals suggest that something big may be about to happen. With price action tightening and volume falling, ADA's price may be nearing a decisive breakout — but in which direction? Cardano Price Prediction: What is Happening on the Daily Chart?

The daily Heikin Ashi chart shows that ADA is currently trading around $0.757, slightly above the 20-day and 50-day simple moving averages (SMA), but below the 100-day SMA of ($10.7188 ) and the 200-day SMA of ($10.8025 ). These levels form a significant compression zone — a narrow space where prices often contract before a strong move. The price of ADA rejected the range of $0.88–$0.90 at the beginning of May, creating a local peak. Since then, it has returned to test the support levels near $0.73, which interestingly aligns with the 50-day SMA. Mathematically, if the ADA price closes below $0.73, the next daily support level from the Fibonacci retracement tool is near $0.68, with the potential for a further fall to $0.62. However, if ADA can regain $0.78 and close above the 200-day SMA at $0.80, the bulls may target the psychological resistance level at $1.00, which would mark a 31.9% increase from the current level. This makes $0.80 an important activation zone for bullish momentum. What Does the Hourly Chart Indicate?

Zooming in on the 1-hour chart, Cardano's price is in a tightening channel. The price is currently struggling with a group of moving averages — 20, 50, 100, and 200 SMA — all trending down according to the bearish band. The short-term moving averages (20 and 50) are below the long-term moving averages (100 and 200), indicating that bearish pressure remains dominant in the daily timeframes. The hourly candles recently show lower highs and lower lows — a classic descending triangle pattern forming between the support level of $0.75 and the resistance level of $0.77. If this structure is broken, ADA could quickly fall to $0.73, in line with the support level seen on the daily chart. However, if the buyers can turn the 100-hour SMA around at around $0.768, the likelihood of a short-selling situation at $0.786–$0.79 is very high, where there is a strong resistance level from the 200-hour SMA. Does the volume support this movement? Volume on both the daily and hourly time frames has gradually fallen, a classic sign that a breakout or breakdown is forming. Volume will be key to validating any moves above $0.80 or below $0.73. If the buyers come in strong at the breakout, momentum could push ADA past the high of $0.90 from the beginning of this month. Predicted price of Cardano in May 2025 If the price of Cardano maintains a support level above $0.73 and surpasses $0.80, then a bullish move towards $0.95–$1.00 is within sight. The current RSI and MACD ( do not display, but are often monitored ) indicating neutrality, meaning the market is waiting for a trigger — possibly the next move of Bitcoin or macro news. But if ADA falls below the support level of $0.73, the bears may take control, pushing the price down to the next Fibonacci level of $0.68 and possibly even $0.62. Considering the narrowed range, the price of ADA is likely to move 10%-20% in both directions over the next 5-7 trading sessions. Traders should closely monitor the range of $0.73–$0.80. Conclusion The price of Cardano is currently in a tug-of-war between strong support and solid resistance. While the short-term chart favors the bears, the daily chart still leaves room for a bullish comeback. A decisive move is about to happen — and whichever side breaks first is likely to control the trajectory of ADA for the remainder of May. Watch for the resistance level at $0.80 and the support level at $0.73. ADA is being held back, and it's only a matter of time before it strikes.