Cardano (ADA) has been trading in a downward channel since December 2024. The price has made lower and lower lower, falling from about $ 1.32 to the bottom, located to $ 0.50. During this post, the price of ADA is about $ 0.69, which is just below $ 0.70.
This level of $ 0.70 is important as it corresponds to a possible décolleté The pattern of the inverted head and shouldersTo. This is a standard diagram setting that may indicate trend turning. If Ada pushes above that point, it may be the beginning of a strong movement upwards. But when it was rejected, we saw the price head back.
Ada has also watched Bitcoin's general moves. From the beginning of April to the time of writing, Bitcoin jumped from about $ 76,000 to $ 94,000. This step triggered many Altcoins, including Ada, rallies, which went from about $ 0.70 to $ 0.77.
As Bitcoin began to cool and trade between $ 92,000-95,000, Ada also slowed down. If Bitcoin picks up again and goes for $ 100,000 or even the highest of all time, Cardano could be in favor of Cardano. However, it depends on some of the major factors in May.
What do we tell us about the price of Ada
To understand where Ada's price could go next, we looked at the main indicators of the daily chart. The signals are mixed and a little confusing.
The relative strength index (RSI) is about 46, considered neutral. This means that ADA is not too high or too low, so the price includes space to move in either direction. The stochastic oscillator is a bit more positive, showing the shopping signal at 60.67. This refers to short -term care.
On the other hand, the MACD is slightly negative at -0.008. This is usually considered as a Karaja sign. The ultimate oscillator also shows weakness, with 41.5, which also tends to Barkh.
We also see some support The rate of change (ROC) And the indicators of the bear bear force. Both show signals to buy, which means that ADA has more power in the recent price.
However, the prospect of moving average is more negative. Most of the long-term average, such as 50-day, 100-day and 200-day, shows strong sales signals. This means that Ada is still trading on many of his main trend lines, which may be a cary sign if nothing will soon change.
We asked Chatgpt to predict Cardano's price in May
What can happen next? We asked Chatgpt to give us a price forecast for Cardano (ADA) by May, and there are three possible scenarios that it recommended:
Pessimist: Ada falls back to $ 0.52
With this worst scenario, Ada does not break more than $ 0.70 and the bullish pattern breaks down. If Bitcoin slows down or falls below $ 90,000, Ada may fall.
The price can slip below $ 0.65, review $ 0.60 again, and may even test the bottom of the channel again to about $ 0.52. This would be a clear sign that the sellers are still under control.
Realistic: Ada moves between $ 0.62 and $ 0.73
If Bitcoin trades in its current range between $ 92,000 and $ 95,000, Ada can do something similar. The price may be supported between support and durability to $ 0.73.
In this case, the pattern of the inverted head and shoulders may remain visible, but it is not confirmed. Traders would probably expect a clearer signal.
Optimistic: Ada offers 0.90 dollar
This is the best scenario. If Bitcoin starts to climb again and breaks over $ 100,000, it can raise Ada like Ada with it. If ADA breaks over $ 0.70 décolleté, the price can move to $ 0.77 or even $ 0.90.
Such a breakthrough can cause more buying, especially if Bitcoin pushes it to the highest side of all time. In this case, we are likely to see the changes in the sentiments and the increasing confidence in Cardano.
Read also: AI predicts: Cardano (Ada) or Ripple (XRP) – Where should you lock $ 1,000 for $ 5?
Final thoughts about Ada Price
Currently, indicators are pointing in different directions. Macd and the ultimate oscillator show weakness, but stochastic and ROC are more positive. RSI is right in the middle, so it's still someone's game.
The 0.70 dollar level is really what to look at. If Cardano can break and hold over it, we can see a strong rally. But if it is rejected, things can change quite quickly.
And as always, Ada's next big step is likely to follow Bitcoin's lead. Whether it's a breakthrough or a breakdown, the next few weeks should give us some answers.
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