Cardano’s ADA price surpasses $0.80: What’s next for the cryptocurrency?
Cardano’s ADA token has seen a significant upsurge, rising over 65% from its low of $0.5114 back in April. This surge follows Bitcoin’s climb to a new all-time high of $111,861 on May 22, boosting sentiment across the cryptocurrency sector and propelling ADA to reclaim the $0.80 mark. The recent rally in Cardano has reinvigorated a bullish narrative, with analysts eagerly anticipating whether the momentum can push ADA to test the next resistance level near $0.93 in the coming days. As of the latest update, Cardano is trading at $0.8026.
After a volatile period that saw Cardano’s price drop from $1.19 to $0.5114 due to profit-taking, ADA has been steadily climbing back up. The recent bounce above $0.80 indicates a strong bullish structure characterized by higher lows and a breach of an ascending trendline. Key Fibonacci retracement levels point to support at $0.7526 and resistance at $0.8533, with a breakout above the latter potentially leading to a retest of $0.934 in the short term. Technical indicators such as the RSI and MACD also support the upward trend, with the RSI showing increased buying momentum and the MACD completing a bullish crossover.
The BBTrend indicator, which measures directional strength, has turned significantly bullish, indicating both increased price volatility and a bias towards the bulls. Additionally, open interest in ADA derivatives has surged to $917 million, marking the highest level in 2025, signaling growing confidence and capital deployment by traders. Spot trading volumes have also picked up, reflecting increased retail participation as ADA climbs back to March price levels.
Traders are now keeping a close eye on the $0.85 resistance level, as a successful breakout could propel ADA towards $0.93–$0.94 in the next week or so. Conversely, the $0.75–$0.77 support range is crucial, and a breach below this could expose ADA to further declines, possibly towards $0.72 or even $0.647 amidst increased selling pressure. While the overall technical outlook remains bullish, the key determinant will be whether ADA can maintain key support levels and sustain its current volume momentum.
