As of May 29, 2025, Cardano (ADA) is trading at approximately $0.7347, experiencing a slight decline of about 0.04% over the past 24 hours.
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🔍 Key Support and Resistance Levels
Support Zones:
$0.72–$0.74: This $ADA range has shown strong buying interest, with prices bouncing in this region, indicating significant support.
$0.66: A psychological support level where buyers have previously stepped in.
Resistance Zones:
$0.76–$0.78: This area has acted as a supply zone, with repeated failures to breach, indicating strong resistance.
$0.84: A key level to watch; flipping this into support could open the path toward higher targets.
$1.12: A significant resistance zone that, if surpassed, could signal a bullish breakout.
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📈 Technical Indicators
Relative Strength Index (RSI): Currently at 50, indicating a neutral momentum.
MACD: Displays a declining trend with its signal line, suggesting fading bullish momentum.
200-Day EMA: $ADA is hovering around the 200-day EMA at $0.72, which serves as a key long-term support level.
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🔮 Price Predictions
Short-Term (Next 24–48 Hours): If ADA maintains support above $0.72, a retest of $0.76–$0.78 is plausible. A breakout above this could target $0.84. Conversely, a drop below $0.72 may lead to testing lower supports at $0.66.
End of May 2025: $ADA Predictions vary, with some models suggesting a potential increase to around $0.77, while others anticipate stability near current levels.
Year-End 2025: Analysts forecast a wide range, with potential highs up to $2.36, depending on market conditions and institutional adoption.
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