Cardano (ADA) Price Prediction: Targeting $1 as Bulls Reclaim the $0.80 Mark

Cardano's ADA token is once again in the spotlight after bouncing sharply from its April lows to reclaim the $0.80 mark.

Cardano’s ADA token is once again in the spotlight after bouncing sharply from its April lows to reclaim the $0.80 mark.

This move comes after Bitcoin hit a new all-time high of $111,861 on 22 May, boosting broader crypto market sentiment.

The broader market optimism has seen ADA rise over 65% from its recent trough, fuelling a renewed bullish narrative.

Analysts are now watching closely to see if Cardano can sustain momentum and test the next resistance zone near $0.93 in the days ahead.

At the time of writing, Cardano is trading at $0.8026.

Cardano price structure signals upside continuation

Cardano’s current rally follows a volatile two-month stretch that saw its price tumble from $1.19 on 2 March to a low of $0.5114 by 2 April — a 57% decline driven largely by profit-taking.

Since that low, ADA has steadily climbed, reclaiming $0.84 on 10 May before a minor pullback to $0.71 on 19 May.

The rebound above $0.80 this week suggests resilience in bullish structure, characterised by higher lows and a break above a rising trendline.

Key Fibonacci retracement levels show support at $0.7526 (0.236 Fib) and immediate resistance at $0.8533 (0.5 Fib).

A confirmed breakout above this zone could lead to a retest of $0.934 (0.618 Fib) in the short term.

This price structure is further reinforced by the RSI, which recovered from 45–48 last week to 61.13 on 22 May, indicating strengthening buying momentum.

The MACD also completed a bullish crossover on 21–22 May, and green histogram bars have continued to expand, adding confirmation to the upward trend.

This article was written by Ben Fractyl and edited by Nerys Mena.

Follow Ben Fractyl on X (formerly Twitter) at @BenFractyl.

Join Ben on Telegram at t.me/hashflow.

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