The post Cardano price prediction – Can bulls overcome its bearish market structure? appeared on BitcoinEthereumNews.com.

Cardano appeared to be on the verge of establishing a bearish market structure on the 1-day chart Santiment data showed network-wide accumulation since April Cardano [ADA] has traded within a range since December. Over the past three weeks though, a miniature range has formed near its long-term range lows. The buying pressure was there, but the momentum was not. Source: ADA/USDT on TradingView On the 1-day chart, the Bollinger Bands were relatively wide, signaling that some volatility was present. Even though the token was trading within a three-week range, it had a bullish market structure at press time. This flip occurred after it recovered and reclaimed the range low at $0.68 as support. The subsequent rally in early May established a bullish trend, with a higher low set at $0.74. At the time of writing, ADA was trading below this level, threatening a bearish structure shift. In fact, the price was below the 20-period moving average, implying bearish short-term momentum. Cardano bulls have their work cut out for them Source: ADA/USDT on TradingView The short-term range (white) climbed from $0.73 to $0.84, with the mid-range level at $0.78. The Bollinger Bands were relatively tight around the altcoin’s price action on the 4-hour chart as the price slowly sank towards $0.73 over the last five days. The moving averages showed that momentum was bearish on the H4 chart. The trading volume has declined since 24 May, but sellers have been dominant over the past three days – As evidenced by the OBV’s gentle decline. A price drop to $0.71-$0.725 should offer Cardano bulls a buying opportunity. Even though it appeared risky at press time. Source: Santiment Finally, Santiment data revealed that short to medium-term holders were at a tidy profit. The 90-day MVRV was at 26.5%. However, long-term investors were not…

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Filed under: News - @ May 30, 2025 6:27 pm