Cardano Nears Price $0.99: Will ADA Break $1 in May 2025?
Cardano (ADA) is at $0.99 after a 12% increase in the past week, despite a cooling market. On April 24, a whale withdrew $20 million worth of ADA from exchanges, a positive indicator that generally accompanies price increases.
$20 million whale withdrawal ADA left exchanges
Present Market Cap: ~$24.68 billion
24-hour trading: $540.9 million
ADA is supported above its 50-day EMA ($0.6867), and its RSI at 38 implies buyers can push higher. Due to these technicals and diminishing exchange supply, a sustained advance above $1 may be possible.
Cardano's protocol updates are strengthening it beyond whale movements. Hydra, the layer-2 scaling solution, completed its first mainnet transaction batch, boosting transaction speed and placing Cardano as a major contender in high-frequency dApps.
Mithril, a lightweight data certification mechanism, reduces wallet sync times, making onboarding easier for new users.
Cardano's DeFi is also growing. Begin Wallet's relationship with Liqwid Labs allows stablecoin lending with up to 21% APY, offering passive income and market interest.
DeFi Boost: Begin Wallet stablecoin lending 21% APY
This layered development story boosts Cardano's appeal beyond price speculation, laying the groundwork for a $1+ breakout.
Key Resistance for Cardano at $1
ADA confronts a major technical hurdle despite optimistic developments. This resistance zone matches a key declining trendline from February highs.
ADA recovered its 50-day EMA, but MACD momentum is flattening, signaling caution.
This is a classic “breakout or fakeout” for traders. A confirmed advance above $1 with significant volume might lead to $1.05–$1.12.
Failure to clear this zone might drive prices down to $0.6620 or $0.5950.
