Cardano Eyes $1 as ADA Price Hits $0.75: What’s Next?
- ADA hit $0.7550 on May 21 after bouncing from $0.715 support.
- RSI crossed above 50, hinting at early bullish momentum.
- ADA must break $0.80 to target $1; failure risks a drop to $0.68.
On May 21, 2025, Cardano (ADA) traded at $0.7550 on Coinbase, showing signs of recovery after a volatile correction. The 4-hour chart revealed that ADA approached the 50-period Exponential Moving Average (EMA) at $0.7557, briefly crossing above it before closing just under this key resistance.
Price Finds Support, Faces EMA Resistance
The price began to climb from the $0.72 zone after a sharp decline earlier in May. On May 8, ADA reached a local high near $0.86 before heavy selling pushed prices down by roughly 14% to a low of $0.715 on May 18.
Volume remained moderate at 3.79 million, signaling cautious market participation. ADA must close decisively above the EMA to confirm short-term bullish continuation.
RSI Turns Positive After Bearish Phase
The Relative Strength Index (RSI) on the 4-hour timeframe flipped above 50 on May 21. The indicator now stands at 52.82, recovering from a low near 33 recorded on May 17. This mo…
The post Cardano Eyes $1 as ADA Price Hits $0.75: What’s Next? appeared first on Coin Edition.
Read More
Cardano Eyes $1 as ADA Price Hits $0.75: What’s Next?
- ADA hit $0.7550 on May 21 after bouncing from $0.715 support.
- RSI crossed above 50, hinting at early bullish momentum.
- ADA must break $0.80 to target $1; failure risks a drop to $0.68.
On May 21, 2025, Cardano (ADA) traded at $0.7550 on Coinbase, showing signs of recovery after a volatile correction. The 4-hour chart revealed that ADA approached the 50-period Exponential Moving Average (EMA) at $0.7557, briefly crossing above it before closing just under this key resistance.
Price Finds Support, Faces EMA Resistance
The price began to climb from the $0.72 zone after a sharp decline earlier in May. On May 8, ADA reached a local high near $0.86 before heavy selling pushed prices down by roughly 14% to a low of $0.715 on May 18.
Volume remained moderate at 3.79 million, signaling cautious market participation. ADA must close decisively above the EMA to confirm short-term bullish continuation.
RSI Turns Positive After Bearish Phase
The Relative Strength Index (RSI) on the 4-hour timeframe flipped above 50 on May 21. The indicator now stands at 52.82, recovering from a low near 33 recorded on May 17. This mo…
The post Cardano Eyes $1 as ADA Price Hits $0.75: What’s Next? appeared first on Coin Edition.
Read More