Cardano price consolidates near $0.71 as traders weigh breakout against short-term resistance
ADA consolidates between $0.675 and $0.715. Breakout or breakdown could decide next 10% move
Cardano (ADA) is navigating a critical juncture as the cryptocurrency consolidates between established support and resistance levels following a failed breakout attempt earlier this week. The asset is currently trading around $0.698, caught between a 20-period EMA resistance and a broader support zone near the 100-EMA, with technical indicators suggesting a mild bearish tilt in the short term.
The 4-hour chart shows price compression between the 20-EMA at $0.697 and the 100-EMA at $0.677. A recent rejection from the $0.713 zone—a key supply level visible on both the 1-hour and 2-hour timeframes—triggered a pullback to $0.676. This area coincides with the 200-EMA and lower Bollinger Band, providing temporary support. The MACD has dipped into negative territory, with a bearish crossover looming, while the RSI at 46.24 reflects softening upward momentum. Despite that, the RSI flattening near 45 could indicate oversold fatigue and the potential for a near-term bounce.
ADA price dynamics (March 2025 - May 2025) Source: TradingView.
Daily chart shows trendline retest amid indecision
On the daily chart, ADA has broken a multi-week descending trendline and is now retesting that trendline as support. The broader setup remains neutral, with the daily RSI hovering just under the 50 mark and the MACD showing little directional bias. A clean move above $0.715 with meaningful volume would confirm a breakout and target the $0.74–$0.76 range. Conversely, a break below $0.675 could expose downside risk to $0.64–$0.62, where previous buying interest has been observed.
As previously discussed in our multi-timeframe ADA outlook, the asset has shifted from a bearish trend into a consolidation phase, with higher timeframes attempting to form a base near $0.68. However, without confirmation above $0.715, traders should remain cautious of potential pullbacks and monitor MACD-RSI alignment for clearer directional conviction.
