Cardano has surged more than 65% since its April low of $0.5114.
Derivatives open interest hits 2025 high of $917 million.
A breakout above $0.85 could send the price to $0.93 in the near term.
Cardano’s ADA token is once again in the spotlight after bouncing sharply from its April lows to reclaim the $0.80 mark.
The move follows a surge in Bitcoin to a fresh all-time high of $111,861 on 22 May, which lifted sentiment across the crypto sector.
This broader market optimism has pushed ADA up 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 comes after 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.
BBTrend, volume, and derivatives metrics confirm momentum
The BBTrend indicator, which measures directional strength based on Bollinger Band volatility, has flipped significantly, moving to +8.9913 — the most bullish reading in months.
This shift signals not only increased price volatility but also a directional tilt in favour of bulls.
Volume and derivatives data further confirm the bullish outlook. Open interest in ADA-related derivatives markets has surged to $917 million, the highest level seen in 2025.
This jump in open positions suggests increased confidence and capital deployment from traders, which supports the sustainability of the ongoing rally.
Spot trading volumes have also picked up after a slow start to the month, indicating stronger retail participation as ADA regains price levels not seen since March.
Key price levels to watch this week
Traders are closely watching the $0.85 resistance zone. A successful breakout above this could accelerate gains toward $0.93–$0.94 over the next 7–10 days.
On the downside, the $0.75–$0.77 support band remains critical. A breakdown below this range could expose ADA to deeper losses, possibly toward $0.72 or even $0.647 if selling pressure increases.
While the overall technical setup remains bullish, much depends on whether the price holds key support levels and maintains current volume momentum.
