BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

by Drop Gorn
May 10, 2025
in Cardano, Crypto, DeFi, Finance, Opinion
A A
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch
2
SHARES
Share on TwitterShare on Reddit
  • Cardano Eyes $1.20 After Bullish Breakout: ADA surged 16% over the past week, breaking through the $0.74 resistance zone and holding around $0.78. If the rally continues, the next target is $1.20, with further upside toward $1.77 based on Fibonacci levels.
  • Derivatives and Open Interest Surge: Open Interest in ADA derivatives crossed $900 million, with the OI funding rate holding steady at 0.0103%. If OI climbs closer to $1 billion, it could fuel additional momentum.
  • Staking Activity Boosts Bullish Outlook: Cardano’s staking activity continues to rise, with 22.08 billion ADA staked across 2,764 pools, representing $17.22 billion in locked assets. The 1COMM staking pool remains a standout with 69.04 million ADA staked.

Cardano (ADA) is holding steady around $0.78 after a 1.04% gain on May 9, keeping its 16% weekly rally intact. Despite a slight slowdown, optimism is building in the derivatives market as Open Interest (OI) crosses $900 million, hinting at a possible push toward $1.20 if momentum holds.

Bullish Breakout Above $0.74 – Is $1.20 Next?

After nearly 60 days of consolidation, ADA finally broke through the $0.74 resistance zone, a level that had kept bullish reversals in check. This breakout marks a 20% move up from the 7-day low at $0.6425, setting the stage for further gains.

Looking back, ADA’s previous rally to $1.20 in early March was followed by a sharp 60% drop to $0.5107 in just over a month. Since then, the $0.74 zone, which aligns with the 61.80% Fibonacci level, acted as a cap on the upside. But with ADA now closing at $0.7693, that zone has flipped to support, suggesting a potential trend shift.

On the broader timeframe, ADA’s price structure since December 2024 forms a right-angled descending broadening wedge, with the $1.20 zone as the upper boundary. A successful breakout from this pattern could see ADA pushing toward the 100% Fibonacci level at $1.22. If that level is cleared, the next target is the 1.272 Fibonacci level at $1.77.

Cardano Ada Data

EMAs and MACD Show Bullish Signals

Cardano’s rally has pushed it above the 50, 100, and 200-day EMAs, increasing the odds of a golden crossover between the 50-day and 200-day EMAs. Meanwhile, the MACD line has crossed above the signal line, a classic bullish signal that supports the extended recovery outlook.

If ADA can hold above $0.74, the next test will be the $1.20 resistance zone. But if that level fails, ADA could drop back to the 50% Fibonacci support at $0.62.

Open Interest Crosses $900M – What It Means

As ADA holds above $0.74, derivatives activity is picking up. Open Interest has surged past $900 million, while the OI weighted funding rate remains flat at 0.0103% — indicating a balanced market. If OI continues to climb toward $1 billion, it could provide the fuel needed for another leg up.

Cardano Ada Price Chart

Staking Activity Supports Bullish Thesis

Staking activity on the Cardano network is also ramping up. According to PoolTool, there are now 2,764 active staking pools, with 1.33 million addresses staking a total of 22.08 billion ADA — roughly $17.22 billion at current prices.

Among them, One Community ADA (1COMM) stands out, with 69.04 million ADA staked, making it one of the most trusted pools in the network.

Key Levels to Watch:

  • Support: $0.74, $0.62
  • Resistance: $1.20, $1.22, $1.77
  • Breakout Confirmation: Sustained move above $1.20 with volume could open the door to $1.77, while a break below $0.74 could invalidate the bullish setup.
Tags: $ADABlockchainCardanocryptopooltool
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

HBAR Price Rebounds, Hits Highest Point Since March
Crypto

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)
Crypto

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?
Crypto

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip
Crypto

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%
Crypto

Whale Alert! $153 Million in Dogecoin Moves as DOGE Explodes 14%

May 10, 2025
Solana (SOL) Pumps 17% as Institutional Inflows Surge
Crypto

Solana (SOL) Pumps 17% as Institutional Inflows Surge

May 10, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

Memecoins Steal the Spotlight as Ethereum Surges: PEPE and BONK Lead the Charge (Still Early?)

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

Cardano ADA Just Broke a KEY Resistance Level: Here is the Next Price Target You Need to Watch

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.