| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107404.7800000000 |
| ETH | $2438.4430000000 |
| BNB | $648.3396500000 |
| XRP | $2.1844240000 |
| ADA | $0.5670733000 |
| SOL | $150.4651000000 |
| DOGE | $N/A |
| DOT | $3.4053700000 |
| LTC | $86.4174000000 |
| LINK | $13.4067000000 |
Category: CRYPTO NEWS
The post Cardano Targets $1 After ADA Hits $0.75 Resistance appeared on BitcoinEthereumNews.com. 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 move suggests improving momentum, but does not confirm strong bullish pressure. Between May 9 and May 19, ADA remained under consistent selling. During this phase, RSI hovered in the 35–45 range, indicating weak buying interest. The recent rise above 50 shows the start of possible trend reversal. The 14-period RSI crossed its signal line, further hinting at a shift in momentum. Still, the indicator must sustain levels above 55 to validate a bullish trend continuation. $0.78 and $0.80 Levels Remain in Focus ADA faces resistance between $0.78 and $0.80, a zone that capped the price between May 14 and May 16. Bulls must push beyond this area to reopen the path to $1.…
2025-05-22T02:43:08+00:00