Cardano (ADA) Price Prediction May 2025: Will ADA Reclaim $0.80 or Remain Range-Bound?
Cardano (ADA) enters May 2025 trading just under the $0.70 mark, showing signs of stabilization after recovering from its recent April lows. Despite occasional spikes and dips, ADA continues to hold critical support levels on higher timeframes.
The token remains in a tug-of-war between buyers defending the 0.618 Fibonacci level and sellers capping gains near the $0.72 resistance zone.
Weekly Chart: Fibonacci Retracement Offers Key Guidance
Current position:
Cardano (ADA) is sitting right on the 0.618 Fibonacci retracement level at $0.676, which is calculated from the $0.27 low to the $1.32 high. This level often acts as a turning point where prices bounce back after a correction.
Why it matters:
Historically, this zone ($0.66–$0.68) has seen strong buying interest, and the recent weekly candles closing above it suggest bulls are trying to defend this support.
If support holds:
- ADA could bounce toward $0.80, which is the next Fibonacci level (0.5 retracement).
- If momentum builds, the next major resistance would be around $0.92, near the 0.382 retracement.
If support breaks:
- A drop below $0.67 co…
The post Cardano (ADA) Price Prediction May 2025: Will ADA Reclaim $0.80 or Remain Range-Bound? appeared first on Coin Edition.
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Cardano (ADA) Price Prediction May 2025: Will ADA Reclaim $0.80 or Remain Range-Bound?
Cardano (ADA) enters May 2025 trading just under the $0.70 mark, showing signs of stabilization after recovering from its recent April lows. Despite occasional spikes and dips, ADA continues to hold critical support levels on higher timeframes.
The token remains in a tug-of-war between buyers defending the 0.618 Fibonacci level and sellers capping gains near the $0.72 resistance zone.
Weekly Chart: Fibonacci Retracement Offers Key Guidance
Current position:
Cardano (ADA) is sitting right on the 0.618 Fibonacci retracement level at $0.676, which is calculated from the $0.27 low to the $1.32 high. This level often acts as a turning point where prices bounce back after a correction.
Why it matters:
Historically, this zone ($0.66–$0.68) has seen strong buying interest, and the recent weekly candles closing above it suggest bulls are trying to defend this support.
If support holds:
- ADA could bounce toward $0.80, which is the next Fibonacci level (0.5 retracement).
- If momentum builds, the next major resistance would be around $0.92, near the 0.382 retracement.
If support breaks:
- A drop below $0.67 co…
The post Cardano (ADA) Price Prediction May 2025: Will ADA Reclaim $0.80 or Remain Range-Bound? appeared first on Coin Edition.
Читать больше
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