The Cardano price today is trading around $0.548, staging a minor rebound after dipping as low as $0.516 earlier in the session. Despite a modest recovery of nearly 3% from intraday lows, Cardano price remains under short-term bearish pressure following a sharp drop that broke several key support levels last week.
The broader outlook hinges on whether buyers can hold the pivotal $0.50–$0.52 range, which coincides with major Fibonacci retracement levels.
What’s Happening With Cardano’s Price?
On the weekly chart, ADA has retraced more than 60% from its $1.327 peak, now sitting near the 0.786 Fibonacci level at $0.501. Historically, this zone marks a critical inflection point between extended downtrends and relief rallies. A breakdown below this threshold could open the path toward the $0.42–$0.45 region, while a bounce could target the $0.60–$0.68 recovery zone.
The 4-hour chart reveals Smart Money Concepts like BOS (Break of Structure) and CHoCH (Change of Character) forming beneath previous supply zones near $0.58, $0.63, and $0.66. Price action continues…
The post Cardano (ADA) Price Prediction for June 24 2025 appeared first on Coin Edition.
