Cardano (ADA) Poised to Hit $0.9: Latest Analysis and Predictions!

Jakarta, Pintu News – In early May, Cardano managed to reclaim support at the long-term low of $0.69, signaling the beginning of a strong recovery. With various indicators pointing to a positive trend, Cardano’s chances of reaching $0.9 seem increasingly open.

Cardano’s Impressive Recovery

After falling below $0.69, Cardano (ADA) not only managed to return to that level but also continued its rise. In mid-March, ADA reached a high of $0.756, which was a significant result considering its previous drop from $1.15 to $0.55. This rise, followed by a retest of support, gave buyers a strong signal that momentum had shifted.

The ever-increasing On-Balance Volume (OBV) indicates a huge demand for the token in recent weeks. Meanwhile, the Relative Strength Index (RSI) successfully retested the neutral 50 mark as support and looks set to continue rising. If the price of ADA can continue to rise, this could be a strong indicator towards the middle resistance at $0.9.

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Favorable Market Structure

On the 4-hour chart, Cardano’s (ADA) swing structure also shows a bullish trend. An important swing point was recorded at $0.648 in early May, followed by a high point at $0.84 a few days later. As ADA managed to recover from $0.72, the market structure remains bullish, giving more reasons for optimism.

A reversal of the downtrend has also occurred, with a break of the downtrend line resistance. It also broke the previous lower high point at $0.743. With the OBV continuing to increase and the RSI surging above 50, momentum has switched to bullish. This signals that there is more room for Cardano to grow.

Bitcoin Influence and External Factors

Although Cardano (ADA) is showing strong performance, it is important to pay attention to Bitcoin movements as they often have a significant impact on the overall crypto market. A consistent increase in trading volume will be key to breaking further resistance, but investors should also be aware of external factors that could affect the market.

Taking all these factors into consideration, Cardano (ADA) has bright prospects of reaching its next price target. However, as always in the crypto world, volatility is the norm and caution remains a priority.

Conclusion

With various technical indicators in its favor, Cardano (ADA) seems poised to continue its upward trend. Despite some challenges, such as market volatility and the influence of Bitcoin (BTC), the long-term outlook remains positive. Investors and traders will continue to monitor these indicators to make informed decisions in their trading.

Also Read: Will Pi Token (PI) Surge Beyond $0.9? Check out the Analysis!

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*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

• AMB Crypto. Cardano bulls reclaim control: Is ADA on the path to $0.9? Accessed on May 22, 2025
• Featured Image: Medium