Cardano ADA: Buyers Eye Break Above $0.80 as Recovery Signs Emerge
Cardano (ADA) is currently trading at $0.7047 USDT, showing signs of recovery after dipping to $0.7287. The cryptocurrency is now above the 100-hour moving average, with buyers attempting to regain momentum. Key resistance levels are at $0.7680 and the critical psychological barrier of $0.80. A break above $0.7840 could signal renewed bullish interest, despite ADA’s recent underperformance relative to Bitcoin. Market watchers are closely monitoring these levels for potential upward movement.
Cardano (ADA) Capped Below Resistance — Will Buyers Regain Control?
Cardano’s price struggles below $0.80 as buyers attempt to regain momentum. After dipping to $0.7287, ADA shows signs of recovery, now trading above the 100-hour moving average. A break above $0.7840 could signal renewed bullish interest.
The cryptocurrency faces immediate resistance near $0.7680, with $0.80 looming as a critical psychological barrier. Market watchers note ADA’s underperformance relative to Bitcoin and ethereum during recent market movements.
Input Output Global Steps Down from Cardano’s Interim Constitutional Committee
Input Output Global (IOG), the development studio behind Cardano, has announced its intention to vacate its seat on the blockchain’s Interim Constitutional Committee following community elections this summer. The MOVE marks the end of its stewardship role during the post-Chang hard-fork transition period.
In a May 28 statement via X, IOG confirmed it "will not stand for reelection," expressing confidence in the Cardano community’s ability to select qualified successors. The firm had assumed the position in August 2024 to guide governance processes during the network’s critical upgrade phase.
Cardano founder Charles Hoskinson framed the transition as a natural evolution, stating: "Our last official role soon ends. It’s been the privilege of my career to serve with you all." The Chang hard fork introduced decentralized governance mechanisms, with Intersect now coordinating election logistics for new committee members.
Whales Accumulate Over 180 Million ADA as Cardano Price Faces Short-Term Pressure
Large cardano holders have aggressively accumulated more than 180 million ADA tokens within a single week, defying the asset’s price volatility. Data from April 21 to May 29, 2025, reveals consistent buying from wallets holding between 100 million and 1 billion ADA—a clear signal of strategic positioning during market weakness.
ADA’s price trajectory saw sharp swings, peaking around May 23 before undergoing a steep correction. Notably, whale holdings remained stable initially before climbing steadily through late May—a divergence suggesting accumulation at discounted levels. Trading volume ROSE 9.15% on May 29 despite bearish momentum, underscoring heightened institutional activity.
The accumulation pattern mirrors historic buy-the-dip strategies employed by sophisticated investors. While retail traders often flee during corrections, whales appear to be building positions for Cardano’s next cycle—a bullish omen masked by short-term price action.
Cardano Price Prediction – Can Bulls Overcome Bearish Market Structure?
Cardano (ADA) teeters on the edge of a bearish market structure despite signs of accumulation since April. Trading within a narrow range since December, ADA faces critical resistance NEAR long-term lows. Bollinger Bands indicate volatility, yet the token struggles to maintain momentum above key support levels.
The 1-day chart shows a tentative bullish structure after reclaiming $0.68, but recent dips below the 20-period MA signal weakening momentum. On shorter timeframes, ADA tests the $0.73 range boundary as tightening Bollinger Bands foreshadow potential breakout volatility. Market participants await decisive action from bulls to reverse the downward drift.