Cardano price retreats from $0.81 resistance as short-term weakness sets in
Cardano price consolidates near $0.76 support zone after failed breakout attempts at $0.81
Cardano price today is trading just above $0.76, retreating after two failed attempts to break the key resistance at $0.81. Following a strong recovery from the $0.58 base earlier this month, ADA’s momentum appears to be fading, with signs of weakness emerging on multiple timeframes.
This pullback comes as broader altcoin markets lose steam, placing Cardano at a critical support level heading into May 16.
ADA/USD price analysis (May 2025) Source: TradingView.
Failed breakout and key support levels
After breaking out from descending trendlines on May 9, ADA surged into the $0.81–$0.82 range, but was met with rejection both times. A fresh descending trendline is now forming on the 4-hour chart from the recent high of $0.8602. Currently, the price is consolidating near the $0.76–$0.765 region, which is a critical horizontal level. Fibonacci retracement analysis shows ADA briefly broke above the 0.5 Fib level at $0.8008, but the failure to hold above it, combined with broader market softness, suggests a potential local top unless buyers regain control quickly.
Short-term indicators show bearish pressure
On the 30-minute chart, ADA has broken below $0.796, holding between $0.770 and $0.775. The Relative Strength Index (RSI) has dropped to 29.9, signaling oversold conditions, but also indicating a possible panic-induced sell-off. Meanwhile, the Moving Average Convergence Divergence (MACD) continues to show bearish momentum with negative crossovers and expanding histogram bars. A failure to hold $0.76 could lead to further downside, with the next targets at $0.748 and $0.72, where the April-May breakout trendline offers significant support.
Despite the short-term weakness, the broader uptrend remains intact. ADA continues to trade above its breakout trendline from April, and its exponential moving averages (EMAs) are still aligned in a bullish stack. A rebound and close above $0.80 could shift the tone back in favor of buyers. However, without strong follow-through, the risk of a deeper correction toward $0.72 remains.
As previously discussed, ADA’s recent rejection near $0.81 has been a pivotal moment in its price action. Traders are watching the critical support zone around $0.76, and if this level holds, the potential for a recovery remains strong. However, a failure to hold this zone could signal further downside risk, and the next major support levels to watch are $0.748 and $0.72.
