Cardano (ADA) Price Prediction May 2025: Will ADA Reclaim $0.80 or Remain Range-Bound?

Cardano (ADA) enters May 2025 trading just under the $0.70 mark, showing signs of stabilization after recovering from its recent April lows. Despite occasional spikes and dips, ADA continues to hold critical support levels on higher timeframes. The token remains in a tug-of-war between buyers defending the 0.618 Fibonacci level and sellers capping gains near the $0.72 resistance zone. Weekly Chart: Fibonacci Retracement Offers Key Guidance Cardano price movement (Source: TradingView.) Current position : Cardano (ADA) is sitting right on the 0.618 Fibonacci retracement level at $0.676 , which is calculated from the $0.27 low to the $1.32 high. This level often acts as a turning point where prices bounce back after a correction. Why it matters : Historically, this zone ( $0.66–$0.68 ) has seen strong buying interest, and the recent weekly candles closing above it suggest bulls are trying to defend this support. If support holds : ADA could bounce toward $0.80 , which is the next Fibonacci level (0.5 retracement). If momentum builds, the next major resistance would be around $0.92 , near the 0.382 retracement. If support breaks : A drop below $0.67 co… The post Cardano (ADA) Price Prediction May 2025: Will ADA Reclaim $0.80 or Remain Range-Bound? appeared first on Coin Edition .

Source: Coin Edition