#CryptoRegulation

Cardano (ADAUSD) attempts to gain positive momentum – Analysis – 15-05-2025 $ADA

The price of Cardano CARDANO/USD (ADAUSD) has declined in its recent intraday trading, following the resistance level of $0.8300, and amid negative signals from the relative strength indicators, as the price tries to gain positive momentum that may help it break through that resistance, relying on the support of its simple moving average for a period of 50, in light of the corrective upward trend dominating in the short term and its trading along a trend line.

Therefore, our expectations indicate a rise in the price of the currency during its upcoming trades, but with an important condition, which is to first break through the resistance level of $0.8300, to then target the psychological resistance level of $1.000.

Expected trend for the upcoming trades: Bullish