Cardano price has lately retreated to an important support level close to $0.74, leading investors to question whether $ADA can resist this level. Following a trend of consistent gains, investors are paying close attention to whether the decline is a respite before a bounce or the initiation of an extended decline.
Cardano Current and Future Price Movements
Cardano’s price broke above crucial levels on May 12. It rose to an intraday high of $0.86, only to reverse and decline to test support around $0.74-$0.76. ADA price currently trades at $0.77, just above this key support level. Staying above $0.74 is crucial to sustain the bullish view; below may lead to further losses.
Cardano’s technicals indicate a buying opportunity. The RSI is neutral at 61.49 and the MACD is positive at 0.03435, reflecting an upward trend. The ADX is 26.16, reflecting a strong trend market. These signs indicate increasing strength and further price increases in the short term.
Institutional interest in Cardano is growing alongside strong technical signals. Recently, Brave integrated Cardano into its multi-chain wallet, giving ADA access to its 85 million monthly active users. This development is anticipated to increase trading volume and adoption.
READ MORE: PEPE Coin Chart Shows Sell Signal: Is a Pullback Coming?
Many traders see a likely bounce from the $0.74 support level. On social media, trader Jupiter on X called May a bullish month for ADA, predicting a price surge to $2 within 6-8 weeks. Several traders agreed, saying the rally is “long overdue,” reflecting growing optimism around Cardano’s steady support and improving market sentiment. While Cardano builds on solid foundations, new layer 2 projects stir excitement and shift crypto attention.
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Bitcoin Pepe (BPEP): The Next Coin to Watch
Bitcoin Pepe has captured investor interest as the first meme-themed layer 2 on Bitcoin. It combines Bitcoin’s security with quick, cheap transactions like Solana’s. Over $8.2 million has been raised since its 2025 launch, attracting significant investor attention.
The project has obtained over 10 partnerships, most notably an essential partnership with Plena Finance. Plena will fuel the smart contracts and dApps of BPEP, accelerating the project’s scaling. These partnerships align with the project’s plans for a meme-based decentralized exchange and NFT marketplace, establishing a vibrant ecosystem for meme traders and Bitcoin enthusiasts.
With the presale set to close on May 31, 2025, it is currently discussing listing on centralized exchanges. Staking rewards of up to 10,000% APY encourage investors to hold their assets long-term. Unsold coins will be burned to provide price stability. Investors must act quickly before the presale closes and prices increase.
