Cardano (ADA) rises to $0.726. Discover its trend, projections for the week, and whether it is a good time to invest. Updated technical analysis.
Cardano (ADA) Trend Today and Projections for Next Week
📅 Updated as of May 3, 2025
💰 Current price: $0.726 USD
📈 Daily change: +2.53%
Cardano (ADA) has shown a solid recovery in the last 24 hours, surpassing the threshold of $0.72, after several days of consolidation between $0.68 and $0.71. The current rally signals a possible bullish breakout, driven by a combination of institutional accumulation and improved market sentiment.
📊 Technical analysis
On the weekly chart, ADA experienced significant bearish pressure between April 29 and May 1, hitting a low near $0.67. However, the pattern shows a clear formation of support and a strong technical rebound starting May 2, closing strongly at $0.726.
The crossing of moving averages and the increase in volume during this last rise reinforce a possible bullish continuation if it successfully surpasses the resistance of $0.73.
🔮 Projection for next week
Day Expected Trend Estimated Range (USD)
May 4 - 5 Moderate bullish $0.72 - $0.74
May 6 - 7 Lateral with support $0.70 - $0.73
May 8 - 10 Possible breakout $0.74 - $0.77
Key indicators:
Strong support: $0.70
Immediate resistance: $0.73
RSI: Remains below 70, no overbought
🚀 Is it a good time to invest?
With the current momentum and good technical behavior, ADA is positioned as an attractive cryptocurrency for the short term. However, investors should be attentive to macroeconomic news or announcements from the Cardano network that may impact price volatility.
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