Cardano ($ADA) Price Prediction for June 2025: Can ADA Hold Key Support or Slide Toward $0.60?
After several weeks of sideways consolidation, Cardano price today has started June under pressure, slipping below critical support near $0.72. The broader crypto market has lost some momentum amid renewed uncertainty around macroeconomic conditions and profit-taking near May’s peaks. Currently trading around $0.7020, the Cardano price reflects technical vulnerability in the short term, but medium-term structure still shows bullish potential if key zones hold.
What’s Happening With Cardano’s Price?
On the daily chart, Cardano price action has broken below the ascending trendline that supported the rally since mid-April. This breakdown has coincided with a drop beneath the 20 and 50-day exponential moving averages, which now sit at $0.74 and $0.73 respectively. The Bollinger Bands are beginning to expand again after compression, indicating the potential for volatility ahead.
The Ichimoku Cloud analysis on the daily chart shows ADA trading near the lower boundary of the cloud, with the Chikou Span turning sideways—a sign of market indecision. The Kijun and Tenkan line…
The post Cardano ($ADA) Price Prediction for June 2025: Can ADA Hold Key Support or Slide Toward $0.60? appeared first on Coin Edition.
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Cardano ($ADA) Price Prediction for June 2025: Can ADA Hold Key Support or Slide Toward $0.60?
After several weeks of sideways consolidation, Cardano price today has started June under pressure, slipping below critical support near $0.72. The broader crypto market has lost some momentum amid renewed uncertainty around macroeconomic conditions and profit-taking near May’s peaks. Currently trading around $0.7020, the Cardano price reflects technical vulnerability in the short term, but medium-term structure still shows bullish potential if key zones hold.
What’s Happening With Cardano’s Price?
On the daily chart, Cardano price action has broken below the ascending trendline that supported the rally since mid-April. This breakdown has coincided with a drop beneath the 20 and 50-day exponential moving averages, which now sit at $0.74 and $0.73 respectively. The Bollinger Bands are beginning to expand again after compression, indicating the potential for volatility ahead.
The Ichimoku Cloud analysis on the daily chart shows ADA trading near the lower boundary of the cloud, with the Chikou Span turning sideways—a sign of market indecision. The Kijun and Tenkan line…
The post Cardano ($ADA) Price Prediction for June 2025: Can ADA Hold Key Support or Slide Toward $0.60? appeared first on Coin Edition.
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