Cardano rises 11% in May, but analysts warn of a low risk

ADA currently has a price of $ 0.7677, 0.04% less in the last 24 hours.

A MACD bullish crossing has been formed, which supports short -term increases.

The open interest of Ada’s futures fell 0.43% to 920.12 million dollars.

Cardano (ADA) has registered a monthly gain of 11% so far in May, driven by a technical rebound from the USD 0.72 support level.

However, the underlying indicators of the market generate caution.

Despite the recent bullish impulse, Ada continues to fight within a narrow negotiation range and faces possible bearish pressure due to the weakening of derivative data.

At the time of writing this item, Ada has a price of 0.7677 dollars, which reflects a small decrease of 0.04% in the last 24 hours.

Fountain: Coinmarketcap

In the 4 -hour graph, Ada recovered from the exponential mobile (EMA) average of 200 periods at 0.74 dollars, rising to a short -term resistance level of 0.7745 dollars.

This movement marks the last attempt to test the USD 0.84 resistance zone, which Cardano approached for the last time on May 13 and 23.

However, the bullish movement has been received with hesitation.

The Token remains stuck between the key levels of USD 0.72 and USD 0.77, a range that analysts are closely monitoring as a “non -negotiation zone” due to the limited directional clarity.

Contradictory technical signals

Currently, Ada is consolidating above the 200 -day EMA, with the structure of the mobile average offering some short -term support.

The MACD indicator has formed an upward crossing, further confirmed by positive histogram bars.

This configuration suggests that buyers still maintain some control over the short -term price action.

However, not all technical signals are aligned. A bassist crossing between the EMA of 50 and 100 days is beginning to form.

If Ada breaks below the 200 -day EMA, this crossroad could result in a “death crossing” scenario, a historically bassist technical pattern that often points out prolonged falls.

Cardano’s ability to maintain the impulse will probably depend on whether the USD 0.77 resistance barrier can break.

A successful break could lead to a rebound towards the USD level 0.84.

On the contrary, if it is not maintained above USD 0.72, ADA could test the long -term support about USD 0.70.

Derivative data are weakened

While cash prices remain firm, derivative market data has a less optimistic vision.

According to Coinglassthe open interest in Ada futures contracts has decreased 0.43% to USD 920.12 million.

This decrease in the activity in the space of derivatives reflects the weakening of traders’ interest and reduces the probability of a strong break.

It also indicates that great speculative positions are being cut or closing, a trend that often leads to the consolidation of prices or short -term reversions.

Ada to a critical level

Cardano’s price now depends on whether it can decisively leave its current range.

While there is the possibility of returning to USD 0.84 if the bulls recover the impulse, the current market dynamics suggests that Ada could remain within a range or even experience a renewed sales pressure.

Volatility in the cryptocurrency market in general has also contributed to ada’s stagnation.

Bitcoin currently remains close to the USD 109,000 level, and the main Altcoins are consolidating after the strong rebounds of April.

Without a strong catalyst, Cardano can have difficulty attracting new short -term flows.

From now on, Ada remains in a technical waiting pattern, with bullish scenarios and bassists at stake.

The next negotiation sessions will be critical to determine if Cardano can recover their March maximums, or face another section down.