The Cardano price today is trading near $0.83, showing signs of a bullish continuation after a strong upside breakout earlier this week. The asset has climbed from the $0.66 zone and now challenges the upper resistance between $0.83 and $0.85. The recent Cardano price spikes reflect both positive sentiment and technical validation of an ascending triangle breakout on the 4-hour chart.
From a broader view, ADA is pushing through the 0.382 Fibonacci retracement zone near $0.822, derived from the weekly chart’s November 2024 peak to its March 2025 lows. This makes the $0.84–$0.85 region a crucial level for the next phase of ADA’s rally.
Intraday Momentum Signals Fresh Upside Pressure
Zooming into the 30-minute and 4-hour charts, the Cardano price action has continued forming higher lows and is now consolidating near a key supply zone. Bollinger Bands on the 4-hour chart are expanding, with ADA’s candles hugging the upper band—signaling strong momentum. EMAs (20/50/100/200) also fan out bullishly below price, with the 20 EMA ($0.79) acting as a dynamic support.
The post Cardano (ADA) Price Prediction for May 13 appeared first on Coin Edition.
