The post Cardano Price Reclaims $0.80, Is It Still Bullish? appeared on BitcoinEthereumNews.com.

Key Takeaways ADA reclaimed $0.80 after bouncing from $0.71, forming a bullish higher-low structure. Momentum flipped positive, with RSI > 60 and MACD showing a fresh bullish crossover. BBTrend surged to +5.22, signaling strong volatility and breakout potential. Open interest hit $917M, marking its highest level in 2025 and confirming rising trader confidence. Bitcoin hit a fresh all-time high of $111,861 on May 22, pushing the Crypto Fear & Greed Index to 73 (Greed)—its highest reading in weeks. This surge in sentiment has triggered renewed momentum across major altcoins, with Cardano (ADA) reclaiming the $0.80 mark and flashing signs of a bullish continuation. Will momentum hold into next week? ADA/USD Structure Recovery Backed by Momentum Shift Cardano’s price action has seen sharp turns in 2025. On March 2, ADA surged from $0.64 to $1.19 — its biggest one-day spike this year, a gain of +85%. But profit-taking led to a deep correction, bottoming out at $0.5114 on April 2, a -57% drop. Since then, ADA has been rebuilding, climbing to $0.84 on May 10, then briefly correcting to $0.71 on May 19, before bouncing back above $0.80. This climb is supported by a bullish structure of higher lows. Price now trades above a rising trendline, with key support at $0.7526 (0.236 Fib) and resistance at $0.8533 (0.5 Fib). A break above this zone could open the door to $0.934 (0.618 Fib) in the short term. Cardano price indicator setup has also shifted bullishly. RSI recovered from 45–48 on May 19 to above 61.13, reflecting improving buying strength. MACD completed a bullish crossover on May 21–22, with expanding green histogram bars signaling fresh momentum. Most notably, the BBTrend, which tracks directional strength using Bollinger Band volatility, flipped from negative to +8.9913 — its highest reading in months. This confirms rising volatility…

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Filed under: News - @ May 22, 2025 4:29 pm