Cardano traded near $0.27 Monday after gaining more than 13% over the past week. Traders are now watching whether ADA can sustain momentum and challenge resistance near $0.35.
Several technical indicators have started turning bullish after months of sideways price action. Market analyst Dan Gambardello said ADA has not confirmed a breakout yet, although MACD compression suggests momentum may be building.
Cardano’s daily MACD tightened after months of weak performance. Gambardello said similar compression phases have historically appeared before larger ADA moves, although the indicator alone does not confirm direction.
The MACD histogram recently flipped positive, indicating buyers have started regaining short-term control. Meanwhile, ADA price has continued forming higher lows since November 2025 while consolidating beneath trendline resistance.
ADA MACD and RSI Chart | Source: YouTube
The MACD has formed higher highs and higher lows since November 2025. At the same time, Cardano price has tightened along a trendline, creating a setup that traders often watch before a breakout attempt. A move above nearby resistance could strengthen the case for a run toward $0.35.
However, Gambardello warned that early signals can fail. He compared the current structure with a September 2024 setup, when Cardano showed early strength before returning to consolidation.
Cardano traded near $0.27 on Monday after a weekly rally of more than 13%. ADA is still trading above the 50-day EMA near $0.25 and the 23.6% Fibonacci level around $0.26. This keeps the near-term setup stable as buyers continue to defend support.
ADAUSD Chart | Source: TradingView
The daily RSI is near 64, showing firm demand without reaching overbought levels. The MACD histogram also remains positive, giving bulls a clearer base as long as ADA holds the $0.25 zone.
On the upside, ADA faces resistance near the 100-day EMA around $0.28. A stronger move above that area could open the path toward $0.30, where a horizontal barrier aligns with the 38.2% Fibonacci retracement. Above that, traders will watch $0.32 and $0.35 as the next targets.
Derivatives data also points to rising market activity. CoinGlass data shows ADA futures open interest climbed to about $575 million on Monday, up from $450 million on May 4. Rising open interest shows that more capital has entered Cardano futures markets.
ADA Open Interest | Source: CoinGlass
Funding rates turned positive again on May 4 and climbed to about 0.0040% by Monday. That shift shows long traders paying shorts, a sign that more traders are positioning for ADA to move higher.
Similar changes in funding have appeared during earlier Cardano recoveries, although price still needs a stronger follow-through to confirm the move.
ADA $0.35 level has become an important short-term target for Cardano price prediction. The altcoin sits near the 61.8% Fibonacci retracement and comes before the 200-day EMA near $0.36. A move through that zone would show stronger progress after months of sideways movement.
On the weekly chart, ADA still faces pressure near the 20-week moving average around $0.28. A break above that level would improve the near-term setup, but the larger resistance zone remains between $0.49 and $0.52, where the 200 EMA and 50 EMA sit.
If momentum weakens, ADA could revisit support near $0.26 and $0.25. Still, current technical conditions suggest traders are increasingly positioning for a larger breakout attempt after months of compressed price action.
The post Cardano Price Prediction: ADA Targets $0.35 as MACD Compression Signals Rally appeared first on The Market Periodical.

