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The Cardano price plunged 5% in the last 24 hours to trade at $0.804 as of 4:18 a.m. EST, driven by a 5% increase in trading volume to $1.4 billion.
This comes as Digital payments giant PayPal said it is rolling out a service that lets US merchants accept over 100 cryptocurrencies in payment for purchases as it aims to cut cross-border fees.
The feature, Pay with Crypto, which will be available in the coming weeks, will enable shoppers to use crypto wallets like MetaMask and Coinbase at checkout.
Payments can be made with digital assets such as ADA, BTC, ETH, XRP, and stablecoins like USDT and USDC, including other cryptocurrencies.
With crypto made easier to transact with and made available for a wide range of customers, can the price of Cardano recover from the slight drop?
Cardano Price Breaks Out: Is ADA Gearing Up For A Bullish Comeback?
The ADA price has recently shown signs of renewed bullish momentum following a prolonged period of consolidation within a descending triangle pattern.
Cardano’s price has now broken above the triangle, a classic technical signal suggesting the potential start of a new upward phase.
The breakout occurred just above the 200 Simple Moving Average (SMA) on the 3-day chart and has carried ADA past key resistance near the $0.70 level. The 50 SMA is currently trending upward and sits around $0.6971, as GeckoTerminal data shows.
Meanwhile, the Cardano price has also reclaimed the 0.5 Fibonacci retracement level ($0.8200) from the swing high of $1.3184 to the low of $0.3215, indicating increasing bullish strength.
ADA briefly surged near the 0.382 Fib level ($0.9376), before experiencing some pullback and stabilizing around the $0.80 mark.
The Relative Strength Index (RSI) is at 59.86, just below the overbought threshold of 70. This suggests ADA is in bullish territory but not yet overbought, giving ADA more room to rally.
The price of ADA appears positioned for a continued uptrend. If the price of Cardano can firmly hold above $0.82 and build momentum, a move toward the next resistance near $1.08 is possible in the near term.
On the downside, if the price of ADA falls back below $0.82 and loses the 50 SMA support, it could revisit the $0.70 level (Fib 0.618), which would need to act as strong support.
As the Catano price aims for a rally, other investors are piling into a new BTC-themed token called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Races Towards The $6 Million Mark – Next 10X Crypto?
Bitcoin Hyper, a Bitcoin layer-2 blockchain that is undergoing a presale, has already garnered over $5.67 million in early funding, as it rushes towards the $6 million mark.
The project is raising funds to build a scalable and secure layer on Bitcoin, aiming to turn it from a network for storing value to the finality layer for all forms of digital transactions.
There are already projects like the Lightning Network that handle payments, but Bitcoin Hyper is taking things one step further by bringing smart contracts and DeFi to the Bitcoin blockchain for the first time.
Unlike previous sidechains and L2 solutions, BTC Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
Bitcoin Hyper is here to supercharge Bitcoin.
Built on the Solana Virtual Machine, it brings lightning-fast, low-cost transactions to Bitcoin’s ecosystem perfect for payments, meme coins, and powerful dApps.
With zk-proofs and Layer 1 anchoring, it’s fast and secure.
Presale is… pic.twitter.com/qMi0sZb7Ld— halo (@haloETH) May 11, 2025
If you buy and stake now, you could unlock a 182% annual percentage yield (APY). However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.01245 each using crypto or a bank card.
Buy before the next price increase in about 32 hours.
Visit the Bitcoin Hyper website.
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