Cardano price remains below $0.66 with 200 EMA resistance capping 10% rebound from April lows
Cardano trades sideways near $0.638 with price compression building near 200 EMA resistance
Cardano (ADA) continues to consolidate within a well-defined range between $0.63 and $0.66, as technical signals across multiple timeframes show a market coiled for a breakout. After bouncing from the $0.575 support level earlier in April, the cryptocurrency is forming higher lows under a major descending resistance, suggesting building pressure—but bulls remain capped by the 200 EMA near $0.673, a key breakout level that has not been breached since mid-March.
On the 4-hour chart, ADA’s 20, 50, and 100 EMAs are tightly packed between $0.6317 and $0.6425, forming a congestion zone that aligns with the Ichimoku flat Kijun-sen and a converging Kumo cloud. Price action remains hesitant as the RSI lingers near 51, reflecting indecision. Meanwhile, Bollinger Bands and Keltner Channels are narrowing, signaling reduced volatility and the likelihood of a directional move in the near term.
Cardano price dynamics (March 2025 - April 2025) Source: TradingView.
MACD and pattern setup hint at momentum shift
While the MACD remains slightly bearish, with the MACD line dipping below the signal line on the 4-hour chart, histogram bars are flattening—indicating slowing downside momentum rather than a confirmed reversal. The 30-minute chart shows failed breakout attempts near $0.645–$0.650, reinforcing that this supply zone remains dominant. Structurally, ADA is forming a potential descending triangle, with a break below $0.625 likely triggering a test of the $0.615 and $0.600 support levels.
Still, if bulls can push ADA above $0.673 with volume, it will signal a technical shift toward bullish momentum. Upside targets would then emerge at $0.70 and $0.72, especially if the price closes above the upper bounds of both Bollinger and Keltner ranges.
As mentioned in prior coverage, Cardano continues to compress within key technical bands, with short-term indicators neutral but leaning bearish. Unless ADA decisively clears its multi-EMA ceiling, rallies may remain capped and vulnerable to sharp rejections.
