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MainNewsCardano (ADA...

Cardano (ADA) Price Prediction for May 7


by Parshwa Turakhiya
for CoinEdition
Cardano-ADA-Price-Prediction-Analysis

The Cardano price today is trading at $0.657, reflecting continued selling pressure after failing to reclaim the $0.68–$0.70 resistance band. Over the past 48 hours, ADA has gradually descended from the mid-$0.68s, signaling a loss of bullish control following its rejection at the 200-EMA on the 4-hour chart. This decline is closely aligned with the broader market’s pause, as traders now eye short-term support zones to gauge the next major move.

Cardano price dynamics (Source: TradingView.)

On the 4-hour timeframe, ADA remains trapped below all major exponential moving averages (20, 50, 100, 200), confirming a bearish short-term outlook. The Cardano price action has turned sideways-to-negative, with lower highs and lower lows since the beginning of May. The recent breakdown beneath the ascending trendline from April 21 now exposes ADA to further downside.

Why Cardano (ADA) Price Going Down Today: Indicators Flash Bearish Momentum

Cardano price dynamics (Source: TradingView.)

ADA’s momentum indicators reinforce the bearish view. The Relative Strength Index (RSI) is hovering around 35, indicating persistent selling without yet reaching oversold extremes. M…

The post Cardano (ADA) Price Prediction for May 7 appeared first on Coin Edition.

Read the article at CoinEdition

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CETUS Price Prediction for June 2025: Bearish Momentum Builds as Key Support Levels Come Under Pressure

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MainNewsCardano (ADA...

Cardano (ADA) Price Prediction for May 7


by Parshwa Turakhiya
for CoinEdition
Cardano-ADA-Price-Prediction-Analysis

The Cardano price today is trading at $0.657, reflecting continued selling pressure after failing to reclaim the $0.68–$0.70 resistance band. Over the past 48 hours, ADA has gradually descended from the mid-$0.68s, signaling a loss of bullish control following its rejection at the 200-EMA on the 4-hour chart. This decline is closely aligned with the broader market’s pause, as traders now eye short-term support zones to gauge the next major move.

Cardano price dynamics (Source: TradingView.)

On the 4-hour timeframe, ADA remains trapped below all major exponential moving averages (20, 50, 100, 200), confirming a bearish short-term outlook. The Cardano price action has turned sideways-to-negative, with lower highs and lower lows since the beginning of May. The recent breakdown beneath the ascending trendline from April 21 now exposes ADA to further downside.

Why Cardano (ADA) Price Going Down Today: Indicators Flash Bearish Momentum

Cardano price dynamics (Source: TradingView.)

ADA’s momentum indicators reinforce the bearish view. The Relative Strength Index (RSI) is hovering around 35, indicating persistent selling without yet reaching oversold extremes. M…

The post Cardano (ADA) Price Prediction for May 7 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

CETUS Price Prediction for June 2025: Bearish Momentum Builds as Key Support Levels Come Under Pressure

CETUS Price Prediction for June 2025: Bearish Momentum Builds as Key Support Levels Come Under Pressure

Cetus (CETUS) has come under renewed selling pressure as June begins, with the CETUS ...
LPT Price Prediction for 1st June: Massive Breakout Sets Tone for High Volatility

LPT Price Prediction for 1st June: Massive Breakout Sets Tone for High Volatility

After weeks of range-bound movement, the LPT price has experienced a steep upward sur...