Cardano (ADA) has witnessed notable price appreciation, trading at approximately $0.76 with gains of over 2% as of May 21, 2025. This movement is primarily fueled by positive technical indicators, including a MACD crossover and reclaiming of the 50-EMA, alongside a broader crypto market surge led by Bitcoin reaching all-time highs near $108,000. Following decisive breaks through resistance levels at $0.725 and $0.732, Cardano is now testing the $0.76 price zone as bullish momentum strengthens.
Integral to ADA’s price trajectory is its evolving multichain strategy, highlighted by the recent integration of Bitcoin support within Cardano's Lace wallet. This innovation permits storage and interaction with BTC on Cardano’s blockchain, opening pathways for new decentralized finance (DeFi) use cases and expanding ecosystem utility.
Investor confidence is further underscored by nearly $1 billion worth of ADA withdrawn from centralized exchanges since early 2025, echoing investor behavior preceding the 2021 all-time highs. Additionally, Cardano’s active participation at high-profile industry events such as GITEX Europe 2025 in Berlin emphasizes its commitment to blockchain innovation and global engagement.
Despite these positive developments, Cardano faces challenges, including reputational issues stemming from controversies around its founder, Charles Hoskinson. He has publicly denied allegations regarding ADA fund misappropriation and is considering legal actions for defamation. Nevertheless, market analysts remain focused on potential price breakouts above $0.795, targeting a milestone $1 level, which would signify a possible return to the prior bullish trend.
Short-term price consolidation between $0.71 and $0.81 is expected due to current trading between moving averages (50-day SMA near $0.68 and 200-day SMA near $0.81) and indicators such as the RSI slightly above the 50 midpoint, suggesting a potential pause before another significant move. Strong resistance at $0.811 and $0.8645 remains, but continued momentum and speculative interest may drive ADA to new highs.