coinpedia 2025-05-22 13:55:03

Cardano Price Reclaims $0.80 As Bullish Setup Reignites, $0.85 In Sight For ADA

The post Cardano Price Reclaims $0.80 As Bullish Setup Reignites, $0.85 In Sight For ADA appeared first on Coinpedia Fintech News Key Takeaways ADA reclaimed $0.80 after bouncing from $0.71, forming a bullish higher-low structure. Momentum flipped positive , with RSI > 60 and MACD showing a fresh bullish crossover. BBTrend surged to +5.22 , signaling strong volatility and breakout potential. Open interest hit $917M , marking its highest level in 2025 and confirming rising trader confidence. Bitcoin hit a fresh all-time high of $111,861 on May 22, pushing the Crypto Fear & Greed Index to 73 (Greed) —its highest reading in weeks. This surge in sentiment has triggered renewed momentum across major altcoins, with Cardano (ADA) reclaiming the $0.80 mark and flashing signs of a bullish continuation. Will momentum hold into next week? ADA/USD Structure Recovery Backed by Momentum Shift Cardano’s price action has seen sharp turns in 2025. On March 2 , ADA surged from $0.64 to $1.19 — its biggest one-day spike this year, a gain of +85% . But profit-taking led to a deep correction, bottoming out at $0.5114 on April 2 , a -57% drop . Since then, ADA has been rebuilding, climbing to $0.84 on May 10 , then briefly correcting to $0.71 on May 19 , before bouncing back above $0.80 . This climb is supported by a bullish structure of higher lows. Price now trades above a rising trendline, with key support at $0.7526 (0.236 Fib) and resistance at $0.8533 (0.5 Fib). A break above this zone could open the door to $0.934 (0.618 Fib) in the short term. Cardano price indicator setup has also shifted bullishly . RSI recovered from 45–48 on May 19 to above 61.13 , reflecting improving buying strength. MACD completed a bullish crossover on May 21–22, with expanding green histogram bars signaling fresh momentum. Most notably, the BBTrend , which tracks directional strength using Bollinger Band volatility, flipped from negative to +8.9913 — its highest reading in months. This confirms rising volatility alongside bullish price action, helping validate the breakout attempt. Volume trends further support the move. After a quiet start to May, spot and derivatives activity has surged , with open interest now at $917M — the highest in 2025. This signals rising conviction among traders and real capital inflow behind the price push. Short-Term Forecast: Bullish, With Caution If ADA holds above the $0.75–$0.77 support band this week, a retest of the $0.85 level is likely. A clean breakout above $0.853 could accelerate gains toward $0.93–$0.94 in the next 7–10 days. However, failure to sustain above $0.75 would expose ADA to downside risk toward $0.72 or even $0.647 in a broader pullback. Verdict: Bullish Bias with Near-Term Upside The technical and on-chain picture supports a bullish bias for ADA in the short term, especially if momentum sustains above key Fib levels. While resistance at $0.85 may cause temporary friction, the overall structure favours upside continuation, potentially targeting $0.93 within the next 10 days.

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