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ADA Price Prediction for May 17-Could $1 Be Within Reach?

Jonathan Carls by Jonathan Carls
May 16, 2025
in Market, News, Price Analysis
Reading Time: 4 mins read
ADA Price Prediction for May 17— Could $1 Be Within Reach
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  • ADA nears critical $0.81 resistance; a breakout could push price toward $1 or $1.21.
  • Despite negative netflows, ADA’s price strength signals growing bullish investor sentiment.
  • Momentum indicators show mild bullishness with RSI at 57 and MACD above signal line.

Cardano (ADA) is showing promising signs of a bullish reversal as it approaches a critical resistance level near $0.81. With current momentum and improving market signals, analysts suggest ADA may be gearing up for a significant breakout. 

On May 16, ADA trades at $0.7779, reflecting a modest 0.92% daily gain. The token’s price action, technical indicators, and network behavior are aligning in a way that could shape the next major move for Cardano.

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ADA Nears Critical Resistance

Ali Martinez, a prominent crypto analyst, highlights ADA’s movement within a descending parallel channel that has persisted since early 2025. Notably, the coin recently rebounded from the mid-channel support at $0.62 and now flirts with upper resistance at $0.81. 

A decisive close above this zone would signal a bullish breakout from the ongoing downtrend. If that occurs, the next key price target could be $1, followed closely by the 1.0 Fibonacci level near $1.21.

Reclaiming the 0.618 Fibonacci retracement level at $0.734 has further boosted bullish sentiment. This level has historically served as a strong indicator for trend reversals in crypto markets. 

If #Cardano $ADA breaks above the $0.81 resistance, it could set its sights on $1. pic.twitter.com/cigCc7NFwG

— Ali (@ali_charts) May 15, 2025

However, failure to breach $0.81 could send ADA sliding back to support levels near $0.68 or even lower. Hence, all eyes are on volume indicators confirmation through rising volume would validate any potential rally toward higher price targets.

Momentum Grows Despite Negative Netflows

ADA’s price has been under pressure for much of 2025, mostly due to consistent negative netflows. These outflows suggest investors are moving tokens off exchanges, likely signaling selling pressure. 

In particular, large outflows in mid-December and late February were followed by steep price declines. However, recent price strength, despite ongoing negative netflows between -$60M and -$90M, may indicate a shift in sentiment.

Source: Coinglass

Moreover, occasional inflow spikes have coincided with minor rallies. While accumulation remains limited, this pattern could change quickly if ADA breaks key resistance levels. 

Indicators Support Cautious Optimism

ADA/USD daily price chart, Source: TradingView

Momentum indicators also support a cautious yet positive outlook. The MACD line remains slightly above the signal line, indicating mild bullish momentum. 

The RSI currently reads 57.35, trending upward but staying out of overbought territory. This suggests that ADA still has room to run if demand increases.

Tags: Cardano (ADA) NewsPrice Analysis

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