Cardano Price Prediction: ADA Reaches Resistance Area, What Will Happen?

Jakarta, Pintu News – Cardano’s (ADA) performance this cycle has been less than satisfactory. ADA started to experience a delayed rise towards the end of 2024, but the rise did not last long.

Throughout 2025, price movements trended negatively, with a drop of over 16% invalidating the previous breakout.

Currently, ADA is experiencing a price bounce that started in April, which has reignited market optimism. However, ADA still needs to break through an important resistance area to confirm the bullish trend.

Cardano Price Prediction: ADA Reaches Resistance Area

Analysis of Cardano’s weekly chart shows that the price has been steadily declining since peaking at $1.33 in December 2024.

In March, the price formed a lower high accompanied by a large bearish engulfing candlestick (red icon), accelerating the price decline.

The price drop and close below the $0.70 horizontal resistance area is a strong negative signal indicating a long-term bearish trend.

A breakout of ADA above this level in November 2024 was previously expected to confirm a long-term bullish trend, but a price close below the level invalidated it.

The technical indicators are also at a crucial point. The Relative Strength Index (RSI) value is at 50, and the Moving Average Convergence/Divergence (MACD) is at 0.

Therefore, whether the price is able to break the $0.70 level or not will greatly affect the readings of these indicators, which will then determine whether the next trend is bullish or bearish.

ADA Future Trends

The long-term calculation of ADA shows a trend that is bearish. Wave analysis shows that Cardano has completed a five-wave decline (red) after reaching record highs in 2021.

If this calculation is accurate, then the entire ADA price increase in this cycle is part of the A-B-C corrective structure (green).

The rise ended at the 0.382 Fibonacci retracement resistance level, which is in line with the bearish scenario.

If this scenario materializes, then the price of ADA is likely to drop to a new low in the future.

However, the chart in the daily time frame shows that ADA is currently moving in a descending parallel channel pattern.

Usually, patterns like this reflect a corrective movement, which means that an upward breakout from this pattern is the most likely scenario.

ADA’s April 7 price bounce (green icon) and the formation of this channel signaled the beginning of a potential bullish trend.

Even so, ADA needs to reclaim the channel’s centerline around $0.75 to confirm a trend reversal.

This projected movement should also lead to a price close above the long-term resistance at $0.70.

ADA Trends Still Unclear

The future trend of ADA is still uncertain due to conflicting signals between the daily and weekly charts.

Although the wave count shows a bearish tendency, the price action in the short term is showing bullish signs.

Cardano’s price close above the $0.70-$0.75 area or even a drop below it will be the deciding factor for the next trend direction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

CCN. Cardano’s (ADA) Long-Term Bullish Outlook Hinges on Breaking This Key Resistance. Accessed on May 5, 2025

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