Will Cardano (ADA) Break Through Barriers and Take Over Momentum?

Jakarta, Pintu News – Cardano has recently started its rise from the $0.7250 zone and is now facing some important hurdles. With consolidative price movement, the cryptocurrency is looking for momentum to break significant resistance.

Cardano Price Increase: Staring at the Chance of a Breakout to the Upside

In recent days, Cardano (ADA) has increased from the $0.710 level, but its performance still lags behind Bitcoin and Ethereum . ADA managed to cross the $0.7250 and $0.7320 resistance levels. It also managed to cross the 50% Fibonacci retracement level of the last decline from the high of $0.7762 to the low of $0.7110.

However, now the price is approaching some key hurdles on the upside, starting at $0.7580. There is also a key bearish trend line with resistance at $0.7580 on the hourly chart of the ADA/USD pair. Cardano (ADA) is now trading above $0.740 and the 100-hour simple moving average.

On the upside, the price may face resistance at the $0.7580 zone and the aforementioned trend line. The first resistance is near $0.760 or the 76.4% Fibonacci retracement level of the last decline from the high of $0.7762 to the low of $0.7110. The next key resistance may be at $0.7720. In case of a close above the $0.7720 resistance, the price could start a strong rally. In that case, the price could rise towards the $0.80 zone. A further increase could trigger a move towards $0.8250 in the short term.

Read More: Bitcoin Sets New Price Records: What Are the Implications for the Crypto Market?

Potential for Price Decline ADA

If the price of Cardano (ADA) fails to break the $0.760 resistance level, there is a possibility that the price will drop again. The immediate support on the downside is near the $0.7420 level. The next major support is near the $0.7260 level. In case of a downward break of the $0.7260 level, it could open the door for a test of $0.710. The next major support is near the $0.680 level, where the buyers might reappear.

Technical Indicators

The hourly MACD for the ADA/USD pair is gaining momentum in the bullish zone. Meanwhile, the hourly Relative Strength Index (RSI) for ADA/USD is now above the 50 level. This suggests that there are more buyers than sellers in the market right now, which could support further price gains if ADA continues to show strength relative to other cryptocurrencies.

Conclusion

By facing several important hurdles, Cardano (ADA) is at a critical juncture. If it is able to break through the existing resistance, we may see significant gains in the near future. However, failure to surpass such hurdles may result in further declines. Investors and market watchers should take note of the support and resistance levels mentioned to take informed decisions.

Read More: Bitcoin and Dogecoin Set New Price Records Amid Crypto Market Trends

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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

• BTC News. Cardano (ADA) in Focus: Can Bulls Overcome This Resistance?. Accessed on May 21, 2025
• Main Image: U.Today