ADA Price Retests $0.690 on May 1 Amid Ongoing Market Fluctuations

Over the past 24 hours, Cardano (ADA) has exhibited a notable fluctuation between $0.665 and $0.700. Currently, ADA is resilient at $0.690, which reflects a 1.3% pullback from the previous day. Though this short-term downfall shadows a bearish trend, the strong market capitalization of around $25 billion signals a strong upward momentum. The mixed signals from technical indicators like RSI suggest indecision among traders and investors. As a result, the Cardano price movement is at a critical juncture, leading market participants to have a close eye on key zones. 

Here’s the detailed ADA price analysis for the last 24 hours, which offers key insights for traders to understand the market momentum. 

ADA Dropped to $0.6651 – April 30, 2025

At the beginning of the trading day, April 30, 2025, ADA experienced a brief rise. At 00:35 UTC, a pin bar formed, followed by a key bar, signaling a potential downtrend. Likely, the price resisted at $0.6997 and dropped to $0.6918. A Death Cross on moving crossovers at 01:10 UTC confirmed this downfall. However, at $0.6918, the price found support at 01:50 UTC and peaked at $0.7033. At this point, a pin bar formed as a signal bar, followed by a key bar, which is a full-body red candle, and signaled a trend reversal. As expected, the price resisted at $0.7033 and experienced a sharp decline.

ADA/USDT daily chart, analyzed by Buvaneswari_L, published on TradingView, May 1, 2025

Notably, at 07:45 UTC, an RSI oversold condition occurred and signaled a potential trend reversal. Shortly after, at 07:50 UTC, the price found support at $0.6928 and experienced a short-term bullish trend. At noon, a pin bar, followed by a full-body red candle, hinted at a price decline. Likely, at $0.6999, the ADA price resisted, led to a breakdown, and pushed to the low of $0.6652. A Death Cross on MACD at 12:10 UTC confirmed this price decline. At 13:45 UTC, the price entered an RSI oversold condition, signaling a potential trend reversal. 

As expected, at 13:55 UTC, support was found at $0.6652 and moved in an upward channel. A Golden Cross on MACD at 14:15 UTC asserted this upward momentum. Later, at 18:15 UTC, an RSI overbought condition occurred, hinting at a downfall. Shortly after, at 18:20 UTC, a pin bar formed; ADA tested the resistance of $0.6861 and pushed it to $0.6776. At this level, at 19:30 UTC, the price found support and experienced a short-term rise. However, at 20:30 UTC, the price resisted at $0.6895, experienced a sharp decline, and closed at $0.6822. 

ADA Fluctuates Between Key Zones – May 1, 2025

Following the preceding day’s upward momentum, on May 01, the ADA price continued to move upside. At 02:05 UTC, an RSI overbought zone occurred and indicated a potential trend reversal. Likely, at 02:35 UTC, a pin bar formed as a signal bar, followed by a full-body red candle, and signaled a downtrend. As expected, the price resisted at $0.6929 and pushed to $0.6848 at 04:35 UTC. A Death Cross on MACD at 02:40 UTC endorsed this downtrend. Conversely, the price then found support at $0.6848, moved up, and led to a breakout, suggesting a strong bullish momentum. 

Will ADA Price Continue its Uptrend?

In today’s ADA price analysis, Cardano coin’s price is about to undergo a notable upward trajectory. If ADA stays above the key line, it could potentially encounter a bullish rally. In case this breakout attempt becomes a fake breakout, it could be pulled back and enter the phase of consolidation. To know its upcoming momentum, stay alert and closely monitor the price action.