Cardano Price Prediction for May 21: Will ADA Hold Above $0.73 Amid Growing Bear Pressure?

Cardano price today is struggling to stay above the $0.73 mark after facing renewed selling pressure across key resistance levels. Following a corrective decline from the $0.80 zone earlier this week, the token is now attempting to find support near $0.72–$0.73. The broader Cardano price action suggests a consolidation phase, but traders are closely watching whether this pullback is a breather or the start of a deeper retracement.

What’s Happening With Cardano’s Price?

On the weekly chart, Cardano price is hovering just above the 0.618 Fibonacci support level at $0.676, which has historically acted as a key pivot zone. After failing to break the 0.5 Fib level at $0.80 with conviction, the token has slipped back toward short-term support. This zone, between $0.72 and $0.73, is aligned with previous trendline support from the mid-April breakout, making it a crucial area to hold in the coming sessions.

The daily chart reveals a clear descending channel forming after the $0.83 rejection, with ADA testing the lower boundary of this channel. If bulls lose grip at this lev…

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