Cardano’s price exceeds $ 0.80: Where does Ada go?

Cardano’s token again is in the spotlight after bouncing abruptly from its April minimum to recover the 0.80 dollar mark.

The movement occurs after an increase in bitcoin to a new historical maximum of USD 111,861 on May 22, which raised the feeling throughout the cryptocurrency sector.

This broader optimism of the market has promoted more than 65% since its recent minimum, feeding a renewed upward narrative.

Analysts are now watching closely to see if Cardano can maintain the impulse and try the next resistance zone about USD 0.93 in the next few days.

At the time of writing this article, Cardano is traded at 0.8026 dollars.

Fountain: Coinmarketcap

Cardano’s price structure indicates a bullish continuation

Cardano’s current rebound occurs after a two -month -old volatile section in which its price fell from USD 1.19 on March 2 to a minimum of USD 0.5114 on April 2, a 57% drop driven largely due to the profits.

Since that minimum, Ada has constantly uploaded, recovering USD 0.84 on May 10 before a small setback to USD 0.71 on May 19.

The rebound above USD 0.80 this week suggests resistance in the bullish structure, characterized by higher minimums and a break above an ascending trend line.

Fibonacci’s key back levels show support in USD 0.7526 (0.236 Fibonacci) and immediate resistance in USD 0.8533 (0.5 Fibonacci).

A rupture confirmed above this area could lead to a new USD 0.934 (0.618 Fibonacci) test in the short term.

This price structure is reinforced by the RSI, which was recovered from 45-48 last week to 61.13 on May 22, indicating a strengthened purchase impulse.

The MACD also completed a bullish cross on May 21 and 22, and the green bars of the histogram have continued to expand, confirming the upward trend.

Bbtrend, volume and derivatives confirm the impulse

The Bbtrend indicator, which measures the directional force depending on the volatility of the Bollinger band, has changed significantly, moving to +8.9913, the most bullish reading in months.

This change indicates not only an increase in prices volatility, but also a directional inclination in favor of the bulls.

Volume and derivative data further confirm the bullish perspectives. The open interest in derivative markets related to ADA has increased to USD 917 million, the highest level seen in 2025.

This jump in open positions suggests greater confidence and deployment of capital by operators, which supports the sustainability of the ongoing rebound.

Cash operations volumes have also been recovered after a slow beginning of the month, indicating a greater retail participation as Ada recovers price levels not seen since March.

Key prices levels to take into account this week

Traders are closely observing the resistance zone of 0.85 dollars. A successful rupture above this could accelerate profits towards USD 0.93-USD 0.94 in the next 7 to 10 days.

On the negative side, the USD support band 0.75 to USD 0.77 is still critical. A rupture below this range could expose ada to deeper losses, possibly to USD 0.72 or even USD 0.647 if the sale pressure increases.

While the general technical configuration remains bullish, it depends a lot on whether the price maintains key support levels and maintains the impulse of the current volume.