Tag: Ada

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

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  • Cardano has risen more than 65% since its April minimum, $ 0.5114.
  • The open interest of derivatives reaches a maximum of 2025 of 917 million dollars.
  • A rupture above USD 0.85 could send the price to USD 0.93 in the short term.

    • 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.

    Cardano PriceFountain: 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.

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    Cardano price prediction: Are the Alcistas de Ada to the point of recovering $ 1?

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    • Cardano’s price rose 11% as the broader cryptocurrency market became bullish.
    • Ada recovered when Bitcoin exceeded $ 94,000 and the main Altcoins jumped.
    • The technical panorama suggests that the bullies could point to 1 dollar in the short term.

    The price of Cardano (ADA) has risen, while most Altcoins benefit in the middle of a generalized rebound in the cryptocurrency market.

    The price of Ada has joined other important altcoins in the wave of bunder impulse, with its value exceeding $ 0.70. On Wednesday, April 23, the price of Cardano registered an increase of 11%. The volume increased more than 75%, exceeding $ 1,000 million.

    The technical panorama is promising and the on-chain metrics point to growing confidence among investors. With positive financing rates and an increase in bullish bets, the question is whether Ada’s bulls can boost the price again to the psychologically significant brand of $ 1.

    Chain data and ada price perspectives

    On-chain data reveal a strong upward trend towards Cardano, driven by whale activity. These have significantly increased their ADA holdings during the last month.

    The main cohorts now have more than 12,670 million, a massive accumulation that has occurred in the middle of the last price drop. As the whales take advantage of the price drop, promoting investor confidence, Cardano seems to be about to explode.

    This optimism is reinforced by the relationship between long and short positions Coinglass Ada which is located at 1.06. This is the relationship between long and short higher positions in Cardano in more than a month.

    A relationship superior to one indicates that more operators bet on price increases, which reflects a upward feeling of the market.

    Financing rates also indicate a growing bullish impulse. Ada’s financing rate changed positively and is now 0.0096%, its highest level since February 22.

    In the market, positive financing rates, where long positions pay for shorts, usually indicate a bullish feeling, since more operators anticipate price increases. This contrasts with a negative rate, which would suggest bearish expectations.

    The current positive rate, combined with the increase in open interest, underlines the growing confidence in ada price recovery potential.

    Can adapt the 1 dollar barrier?

    From a technical perspective, Cardano’s price is encouraging. After finding support in 0.50 $ on April 7, Ada rose 21 % during the next two weeks.

    It currently lies above the key level of 0.67 $. If the bundles maintain this impulse and exceed $ 0.71, ADA could point to the weekly resistance of $ 0.75, with $ 1 as the next important milestone. The relative force index (RSI) in 56, with a trend above the neutral level of 50, further reinforces this upward perspective.

    Cardano price chart of tradingview

    However, risks persist. A daily closure of candles below the minimum of Monday of $ 0.61 would invalidate the upward thesis, which could take Ada back to the support level of $ 0.50.

    The combination of whale accumulation, positive financing rates and a solid technical analysis suggests that Cardano’s bulls are preparing for a rise to $ 1, but operators must be kept attentive to any reversal signal.

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