The Cardano price today is hovering near $0.748, dipping mildly after facing resistance above $0.76. Despite a recent rebound from sub-$0.72 levels, momentum appears to be weakening as bulls lose control near short-term trendline resistance. The broader structure continues to favor a sideways grind with intermittent sell pressure from overhead resistance zones.
Cardano’s recent rally appears to be stalling near key rejection zones, raising concerns about a short-term pullback. With multiple indicators flashing warning signs, traders are now watching key supports to gauge the next price swing.
What’s Happening With Cardano’s Price?
Cardano price dynamics (Source: TradingView)
The current Cardano price action reflects a loss of bullish steam after an early push toward $0.765 was swiftly countered by selling pressure. On the 30-minute and 4-hour charts, ADA is trading just above a key horizontal support near $0.735, a level that previously acted as a springboard for bullish continuation.
However, the red supply zone between $0.758 and $0.765 remains firm. This rejection has been reinforced by a rising wedge breakdown visible on lower timeframes, suggesting that buyers are failing to maintain momentum at higher levels.
Indicators Show Bearish Divergence
Cardano price dynamics (Source: TradingView)
The Relative Strength Index (RSI) on the 30-minute timeframe is now declining from 63.66 to 48.48, pointing to waning bullish momentum. Simultaneously, the MACD histogram has slipped into the red with a fresh bearish crossover, further supporting the idea that downside pressure is increasing.
Cardano price dynamics (Source: TradingView)
On the Stochastic RSI, values have plunged to 3.24 and 8.78, indicating that Cardano price volatility could intensify if this oversold condition leads to panic selling rather than a recovery.
The Chande Momentum Oscillator also reflects a value of -32.45, confirming a shift toward short-term bearish momentum.
EMA and Bollinger Bands Signal Pressure at the Top
Cardano price dynamics (Source: TradingView)
On the 4-hour chart, the Cardano price has struggled to break above the 100-EMA and 200-EMA, which currently sit at $0.749 and $0.755 respectively. Price is being compressed between these EMAs and the upper Bollinger Band, creating a narrow channel.
Bollinger Bands are tightening, a common precursor to a directional breakout. However, given the rejection at the top and bearish divergence on momentum indicators, the probability currently favors a minor correction rather than a breakout.
Weekly Fibonacci Zone Still Capping the Upside
Cardano price dynamics (Source: TradingView)
The weekly Fibonacci retracement from the 2024 low to 2025 high continues to provide key insight into ADA’s macro structure. The 0.5 level at $0.80085 has not been convincingly breached, and the current consolidation appears locked below that threshold.
Any failed attempt to break above $0.78–$0.80 could trigger renewed downside pressure toward the 0.618 Fib level near $0.676.
Why Cardano Price Going Down Today?
Cardano price dynamics (Source: TradingView)
The answer lies in a combination of technical exhaustion and failing momentum. The strong Cardano price spikes earlier this month were not backed by sustained volume. As a result, the rally is losing steam near historical resistance zones.
Additionally, macro sentiment across altcoins remains cautious ahead of upcoming regulatory events, prompting short-term profit-taking. This adds to the sell pressure currently weighing on ADA.
Cardano Price Outlook for May 22
Cardano price dynamics (Source: TradingView)
As we head into May 22, ADA is likely to remain under pressure unless bulls reclaim the $0.758–$0.765 zone. A break above this could open a path toward $0.79–$0.80. However, failure to hold $0.735 could trigger a drop toward $0.717, followed by stronger support near $0.705.
The next 24 hours will be crucial in determining whether ADA can hold its ascending support trendline or succumb to a broader market pullback.
Short-Term Forecast Table
| Indicator | Level/Signal |
| Current Price | $0.748 |
| Immediate Resistance | $0.758 / $0.765 |
| Immediate Support | $0.735 / $0.717 |
| RSI (30-min) | 48.48 (Neutral/Bearish) |
| MACD (30-min) | Bearish crossover |
| Stoch RSI | Oversold (Bearish risk) |
| ChandeMO | -32.45 (Bearish bias) |
| EMA 100/200 (4H) | $0.749 / $0.755 |
| Fib Resistance (0.5) | $0.80085 |
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