Will Cardano (ADA) Rule the Crypto Market Again? Cardano Recovery in the Spotlight!

Updated

May 30, 2025

Gambar Will Cardano (ADA) Rule the Crypto Market Again? Cardano Recovery in the Spotlight!

Jakarta, Pintu News – In recent days, Cardano has experienced a significant decline, in contrast to Bitcoin and Ethereum which tend to be stable. Cardano briefly dropped below the $0.740 level before buyers started entering the market. The lowest point was recorded at $0.7287, but now ADA is trying to bounce back. The price has managed to break the $0.750 resistance and is now above the hundred-hour simple moving average.

Technical Analysis: Recovery Potential and Hurdles

After breaking the bearish trend line with resistance at $0.750 on the hourly chart of the ADA/USD pair, Cardano is now on a recovery path. The price has crossed the 23.6% Fibonacci retracement level of the last drop from $0.8380 to $0.7287. However, ADA still faces some important hurdles ahead. The first resistance is at the $0.7680 zone, followed by $0.7840 which is the 50% Fibonacci retracement level. If the price can close above $0.800, it could trigger a stronger rise towards the $0.820 area.

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Possible Decline: What Could Happen?

If Cardano fails to break the $0.7680 resistance, there is a possibility that the price will drop again. Immediate support is at the $0.750 level, followed by major support at $0.740. If the price breaks below $0.740, this could open up opportunities for a further test to $0.7260. The next critical support is at the $0.700 level, where buyers may re-emerge to stabilize the price.

Conclusion: Cardano’s Prospects in the Crypto Market

With the MACD Indicator showing bullish momentum and the RSI being above 50, there is good potential for Cardano to continue its recovery. However, it is important to remember that the crypto market is highly volatile and influenced by various external factors. Investors and traders should always be aware of market changes and use technical analysis as one of their decision-making tools.

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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.