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Cardano (ADA) Price Prediction for May 20

cryptonews100_tggfrn by cryptonews100_tggfrn
May 19, 2025
in Cardano
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Cardano (ADA) Price Prediction for May 20
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The Cardano worth right now is buying and selling close to $0.722, slipping beneath key transferring averages and trendline help after repeated failures close to the $0.766 stage. This marks a essential juncture in Cardano worth motion, because the asset hovers simply above the $0.720 help band. A every day shut beneath this zone may expose ADA to a deeper retracement towards the 61.8% weekly Fib stage close to $0.6768, whereas a bounce may revive bullish makes an attempt to retest $0.77.

What’s Taking place with Cardano’s Price?

Cardano price analysis (Source: TradingView)

Over the previous 5 days, Cardano worth has struggled to interrupt above a descending resistance trendline seen on each the 4-hour and 30-minute charts. The rejection close to $0.766 created a double-top construction, and subsequent candles broke beneath a rising wedge help, signaling rising bearish strain.

On the 4-hour chart, worth has now slipped beneath the 50 and 100 EMA strains and is testing the 200 EMA at $0.7279. The construction suggests short-term momentum has shifted towards sellers, with horizontal help at $0.7200 now appearing as a make-or-break stage.

Cardano price analysis (Source: TradingView)

On the weekly chart, ADA has failed to keep up momentum above the 50% Fibonacci retracement at $0.8008, and worth is now reacting to the 0.618 zone ($0.6768) — a stage that beforehand acted as a springboard in March and April.

(*20*)Why Cardano Price Going Down At the moment?

Cardano price analysis (Source: TradingView)

The weak point in Cardano worth right now stems from a convergence of technical breakdowns and fading intraday momentum. RSI on the 30-minute chart sits at 39.57, reflecting short-term oversold circumstances but in addition confirming the dearth of shopping for power. In the meantime, MACD has fashioned a bearish crossover, with its histogram sliding deeper into unfavorable territory.

Cardano price analysis (Source: TradingView)

The Bollinger Bands on the 4-hour chart have began to widen, suggesting that Cardano worth volatility is increasing — usually a prelude to continuation strikes moderately than reversals. The present candle construction additionally exhibits smaller our bodies with longer wicks, indicating indecision and an absence of sturdy dip-buying.

Ichimoku Cloud evaluation exhibits worth has dropped beneath the cloud on the 30-minute chart. The Chikou Span can be beneath the candles, and the Tenkan-Kijun cross is bearish — all alerts reinforcing a unfavorable short-term pattern outlook.

Cardano Price Motion Faces Key Help Retest

With ADA breaking beneath short-term trendlines and EMA clusters, Cardano worth motion now rests on its ultimate native help close to $0.7200. If this fails to carry, the subsequent main space lies round $0.6768, a stage that aligns with the 61.8% weekly Fib and horizontal base help.

Cardano price analysis (Source: TradingView)

The every day chart confirms the significance of this zone, exhibiting ADA consolidating above this base in early May earlier than a breakout towards $0.8166. Failure to reclaim help shortly may result in a bearish continuation sample forming on larger timeframes.

Brief-Time period Outlook: Can ADA Recuperate Towards $0.76?

Cardano price analysis (Source: TradingView)

To regain bullish momentum, ADA should reclaim $0.7300–$0.7350 on sturdy quantity and shut above the decrease boundary of its earlier vary. The subsequent resistance stands at $0.7660, adopted by a possible extension to $0.8166, the place sellers have beforehand defended aggressively.

Nevertheless, if ADA loses $0.7200 decisively, the subsequent leg down may lengthen to $0.6768, with additional draw back threat towards $0.65 if macro sentiment weakens.

Merchants ought to watch for high-volume response close to the present help and assess short-term EMAs and momentum indicators for indicators of both continuation or reversal.

Cardano Forecast Desk: May 20

Indicator/Zone Degree / Sign
Resistance 1 0.7660
Resistance 2 0.8166
Help 1 0.7200
Help 2 0.6768
200 EMA (4H) 0.7279
RSI (30-min) 39.57 (Weak Momentum)
MACD (30-min) Bearish Crossover
Bollinger Band Width Enlargement Probably
Ichimoku Standing Under Cloud, Bearish Setup

Disclaimer: The data introduced on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version isn’t accountable for any losses incurred on account of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.



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