Is Cardano’s (ADA) recovery about to end in May 2025? Here’s what analysts have to say!

Jakarta, Pintu News – Cardano’s price recovery that started from the $0.6420 zone seems to be losing its strength. Currently, ADA is facing resistance near $0.6850 and is likely to decline again.

Cardano (ADA) Faces Hurdles

In the last few days, Cardano (ADA) has declined from the $0.730 level. ADA dropped below the $0.700 and $0.680 support levels. A low was formed at $0.6426 and the price bounced back. There was a rise above the $0.6550 level, and the price managed to cross the 23.6% Fibonacci retracement level of the last drop from $0.7298 to $0.6426.

Moreover, there was also a break above the bearish trend line connecting the resistance at $0.650 on the hourly chart of the ADA/USD pair. However, the bears are still active near the $0.6850 resistance and the 50% Fibonacci retracement level of the last drop from $0.7298 to $0.6426. Currently, Cardano (ADA) price is trading below $0.680 and the 100-hour simple moving average.

Also Read: Will Solana Reach $420 in 2025? Check out the Prediction!

Potential for Price Decline ADA

If the price of Cardano (ADA) fails to break the $0.6850 resistance, there is a possibility that the price will drop again. Immediate support on the downside is near the $0.6630 level. The next major support lies near the $0.6500 level.

In case of a break below the $0.650 level, the door will open for a test to the $0.6320 level. The next major support is near the $0.6175 level, where the bulls might reappear. Technical indicators show that the hourly Momentum Convergence Divergence (MACD) for ADA/USD is losing momentum in the bullish zone, while the hourly Relative Strength Index (RSI) for ADA/USD is now above the 50 level.

Key Resistance and Support

On the upside, the price may face resistance near the $0.680 zone. The first resistance is near $0.6850, and the next key resistance may be at $0.7090. If there is a close above the $0.7090 resistance, the price could start a strong rally.

In that case, the price could rise towards the $0.730 region. A further rise might trigger a move towards $0.750 in the short term. The key support levels are $0.6630 and $0.6500, while the key resistance levels are $0.6850 and $0.7090.

Conclusion

The price performance of Cardano (ADA) in the coming days will be largely determined by its ability to break or be rejected by existing resistance levels. Investors and traders should monitor technical indicators and price movements near key levels to make informed trading decisions.

Also Read: Bitcoin Poised for a Big Spike Amid US Economic Chaos?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Cardano Bounce Losing Strength, ADA Could Retest $0.6850. Accessed on May 7, 2025
• Featured Image: Medium