Cardano Reclaims $0.80 Mark With 15% Gain, Bullish Momentum Intensifies

Cardano's price has shown significant movement in 2025, with a notable rebound from $0.71 to reclaim the $0.80 mark. This recovery is part of a broader bullish structure, characterized by higher lows, which suggests a potential continuation of the upward trend. The price action is supported by key technical indicators, including the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both of which have shifted into bullish territory. The RSI has risen above 60, indicating strong buying momentum, while the MACD has completed a bullish crossover, further confirming the positive trend.

The BBTrend indicator, which measures directional strength using Bollinger Band volatility, has surged to +5.22, signaling strong volatility and breakout potential. This indicator flip from negative to positive aligns with the bullish price action, validating the recent breakout attempt. Additionally, open interest has hit $917 million, marking its highest level in 2025 and confirming rising trader confidence in the asset.

Cardano's price action has seen sharp turns in 2025. On March 2, ADA surged from $0.64 to $1.19 — its biggest one-day spike this year, a gain of +85%. However, profit-taking led to a deep correction, bottoming out at $0.5114 on April 2, a -57% drop. Since then, ADA has been rebuilding, climbing to $0.84 on May 10, then briefly correcting to $0.71 on May 19, before bouncing back above $0.80. This climb is supported by a bullish structure of higher lows. Price now trades above a rising trendline, with key support at $0.7526 (0.236 Fib) and resistance at $0.8533 (0.5 Fib). A break above this zone could open the door to $0.934 (0.618 Fib) in the short term.

Volume trends further support the move. After a quiet start to May, spot and derivatives activity has surged, with open interest now at $917M — the highest in 2025. This signals rising conviction among traders and real capital inflow behind the price push. If ADA holds above the $0.75–$0.77 support band this week, a retest of the $0.85 level is likely. A clean breakout above $0.853 could accelerate gains toward $0.93–$0.94 in the next 7–10 days. However, failure to sustain above $0.75 would expose ADA to downside risk toward $0.72 or even $0.647 in a broader pullback.

The technical and on-chain picture supports a bullish bias for ADA in the short term, especially if momentum sustains above key Fib levels. While resistance at $0.85 may cause temporary friction, the overall structure favors upside continuation, potentially targeting $0.93 within the next 10 days. The recent surge in sentiment, triggered by Bitcoin's all-time high, has renewed momentum across major altcoins, with Cardano (ADA) reclaiming the $0.80 mark and flashing signs of a bullish continuation. The bullish setup reignites, with $0.85 in sight for ADA, as the price action and technical indicators align to support a potential breakout.