Cardano has skyrocketed over 65% since its April low of $0.5114. Derivatives opens 2025 interest of $917 million. Breakouts above $0.85 could send the price to $0.93 in the short term.
Cardano’s Ada Token is back in the spotlight after bounced violently from its April low and regaining the $0.80 mark.
The move surged to a fresh high of $111,861 on May 22, earning sentiment across the crypto sector.
This broad market optimism has pushed the ADA over 65% off the recent trough, promoting a new bullish narrative.
Analysts are currently looking closely to see if Cardano maintains momentum and can test the next zone of resistance, near $0.93 in the coming days.
At the time of writing, Cardano is trading at $0.8026.
Cardano’s price structure shows a continuity
Cardano’s current rally comes after a volatile two-month stretch that saw prices fall from $1.19 on March 2nd to a low of $0.5114 between April 2nd.
Since its low, the ADA has steadily climbed, regaining $0.84 on May 10th.
This week’s rebounds above $0.80 suggest the resilience of bullish structures.
Important Fibonacci retracement levels show support at $0.7526 (0.236 FIB) and immediate resistance at $0.8533 (0.5 FIB).
A breakout confirmed on top of this zone could lead to a retest of $0.934 (0.618 FIB) in the short term.
This price structure is further strengthened by the RSI, which recovered from last week’s 45-48 to 61.13 on May 22, indicating a stronger purchase momentum.
MACD also completed a bullish crossover on May 21-22, with the green histogram bar continuing to expand, adding confirmations to the upward trend.
bbtrend, volume, and derivative metrics check momentum
The Bbtrend indicator, which measures directional intensity based on the volatility of the Bollinger band, was turned upside down quite a bit and moved to +8.9913. This is the most bullish reading of months.
This shift signal not only increases price volatility, but also a tilt of direction in favor of bulls.
Volume and derivatives data further confirms bullish outlook. Open interest in the ADA-related derivatives market has skyrocketed to the highest level seen in 2025 $917 million.
This jump at open position suggests an increase in trust and capital deployment from traders. This supports the sustainability of the ongoing gathering.
Also, spot trading volume has recovered after the start of the month, indicating strong retail participation as the ADA regains price levels that have not been seen since March.
Important price levels to see this week
Traders are closely watching the $0.85 resistance zone. A successful breakout could potentially accelerate profits towards $0.93-0.94 over the next 7-10 days.
On the downside, a support band between $0.75 and $0.77 remains important. Failures below this range can expose the ADA to deeper losses. Perhaps if sales pressure rises, it will probably be $0.72, or even $0.647.
The overall technology setup remains bullish, but it depends heavily on whether the price holds key support levels and maintains current volume momentum.
