Cardano Eyes $1 as ADA Price Hits $0.75: What’s Next?

May 22 2025 bitcoin


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. ADAUSD 4H Price Chart. Source: TradingView 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 .

ad1


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.