Cardano ADA: Bullish Momentum Builds as $2.04 Price Target Comes into Focus
Cardano (ADA) is showing strong signs of a bullish reversal, having successfully defended the critical $0.50 support level. This resilience has sparked Optimism among traders, with technical analysis pointing to a potential rally towards $2.04. The recent formation of a higher low at $0.50 during the market correction suggests a shift in market structure, indicating the possible start of a new macro uptrend. As of June 4, 2025, ADA is trading at $0.683, with eyes set on the next major resistance level.
Cardano Price Target: Bullish Setup Forms with $2.04 in Sight
Cardano (ADA) has defended a critical support level at $0.50, signaling a potential shift in market structure. A recent swing high confirms the first bullish breakout in months, suggesting the start of a new macro trend.
The $0.50 level has held as a higher low during the current correction, reinforcing the case for upward momentum. Technical analysis points to $2.04 as the next major resistance target, a feasible objective if bullish conditions persist.
ADA’s breakout from its long-term accumulation zone marks a decisive structural shift. The cryptocurrency now shows its strongest technical foundation since the bear market, with clear evidence of institutional accumulation and trend reversal.
Cardano ADA ETF Approval Odds Surge to 71% as SEC Decision Nears
Market sentiment for a Cardano-based ETF has reached unprecedented levels, with Polymarket data showing a 71% probability of SEC approval. The prediction platform’s users have driven odds to record highs ahead of the May 29 deadline, reflecting growing institutional interest in ADA exposure.
Grayscale’s February application positions it as the potential first-mover for an ADA-tracking ETF. Approval would mark a significant milestone for Cardano’s regulatory standing and mainstream adoption. ADA price action confirms the bullish momentum, with the token recently crossing key moving averages.
The sustained upward trajectory in approval odds since January mirrors crypto investors’ increasing demand for regulated Cardano products. This development comes amid broader industry anticipation of the SEC’s decision, which could set precedents for altcoin investment vehicles.
Cardano (ADA) Hints at Recovery, But $0.74 Could Make or Break the Move
Cardano (ADA) is testing key resistance levels as it attempts to recover from recent losses. The digital asset trades at $0.691, down 0.33% over 24 hours, with its next major challenge at the $0.74 threshold.
Technical indicators reveal a tug-of-war between bulls and bears. The 4-hour chart shows ADA constrained by a cluster of moving averages—$0.737 (50-period SMA), $0.741 (100-period SMA), and $0.714 (200-period SMA). A decisive breakout above $0.741 could propel prices toward $0.80.
Momentum signals suggest guarded optimism. The 9-period EMA provides immediate support at $0.686, while the 200 SMA’s bearish positioning underscores lingering downward pressure. Market participants await either confirmation of trend reversal or another rejection at resistance.
ADA Price Faces Critical Test at $0.50 as Remittix Emerges as 2025’s Dark Horse
Cardano’s ADA struggles to maintain momentum, with its price declining 12% over the past week and breaking a key bullish trendline. Technical indicators suggest further downside potential toward the $0.50 support level, though some analysts see this as a possible inflection point for recovery.
Meanwhile, Remittix gains traction as a disruptive solution addressing real-world payment challenges unmet by industry giants like Stripe and Coinbase. The project’s presale has attracted significant capital inflows despite broader market weakness, positioning it as a potential breakout candidate for 2025.
