Cardano Price Forecast May 22: ADA Rejected at $0.765 as Momentum Weakens

The Cardano price today is hovering near $0.748, dipping mildly after facing resistance above $0.76. Despite a recent rebound from sub-$0.72 levels, momentum appears to be weakening as bulls lose control near short-term trendline resistance. The broader structure continues to favor a sideways grind with intermittent sell pressure from overhead resistance zones.

Cardano’s recent rally appears to be stalling near key rejection zones, raising concerns about a short-term pullback. With multiple indicators flashing warning signs, traders are now watching key supports to gauge the next price swing.

What’s Happening With Cardano’s Price?

The current Cardano price action reflects a loss of bullish steam after an early push toward $0.765 was swiftly countered by selling pressure. On the 30-minute and 4-hour charts, ADA is trading just above a key horizontal support near $0.735, a level that previously acted as a springboard for bullish continuation.

However, the red supply zone between $0.758 and $0.765 remains firm. This rejection has been reinforced by a rising wedge breakdown visible on lower timeframes, suggesting that buyers are failing to maintain momentum at higher levels.

Indicators Show Bearish Divergence

The Relative Strength Index (RSI) on the 30-minute timeframe is now declining from 63.66 to 48.48, pointing to waning bullish momentum. Simultaneously, the MACD histogram has slipped into the red with a fresh bearish crossover, further supporting the idea that downside pressure is increasing.

On the Stochastic RSI, values have plunged to 3.24 and 8.78, indicating that Cardano price volatility could intensify if this oversold condition leads to panic selling rather than a recovery.

The Chande Momentum Oscillator also reflects a value of -32.45, confirming a shift toward short-term bearish momentum.

EMA and Bollinger Bands Signal Pressure at the Top

On the 4-hour chart, the Cardano price has struggled to break above the 100-EMA and 200-EMA, which currently sit at $0.749 and $0.755 respectively. Price is being compressed between these EMAs and the upper Bollinger Band, creating a narrow channel.

Bollinger Bands are tightening, a common precursor to a directional breakout. However, given the rejection at the top and bearish divergence on momentum indicators, the probability currently favors a minor correction rather than a breakout.

Weekly Fibonacci Zone Still Capping the Upside

The weekly Fibonacci retracement from the 2024 low to 2025 high continues to provide key insight into ADA’s macro structure. The 0.5 level at $0.80085 has not been convincingly breached, and the current consolidation appears locked below that threshold.

Any failed attempt to break above $0.78–$0.80 could trigger renewed downside pressure toward the 0.618 Fib level near $0.676.

Why Cardano Price Going Down Today?

The answer lies in a combination of technical exhaustion and failing momentum. The strong Cardano price spikes earlier this month were not backed by sustained volume. As a result, the rally is losing steam near historical resistance zones.

Additionally, macro sentiment across altcoins remains cautious ahead of upcoming regulatory events, prompting short-term profit-taking. This adds to the sell pressure currently weighing on ADA.

Cardano Price Outlook for May 22

As we head into May 22, ADA is likely to remain under pressure unless bulls reclaim the $0.758–$0.765 zone. A break above this could open a path toward $0.79–$0.80. However, failure to hold $0.735 could trigger a drop toward $0.717, followed by stronger support near $0.705.

The next 24 hours will be crucial in determining whether ADA can hold its ascending support trendline or succumb to a broader market pullback.

Short-Term Forecast Table