As of May 31, 2025, Cardano (ADA) is trading at approximately $0.66, reflecting a 6.7% decline over the past 24 hours.
š Technical Overview
Support Levels:
$0.65: A critical support level; $ADA drop below this could lead to further declines toward $0.60.
$0.60: A significant support zone; a breach here may indicate a deeper correction.
Resistance Levels:
$0.73: Immediate resistance; surpassing this could open the path to $0.76.
$0.80: A notable resistance level; breaking above this could signal a bullish trend continuation.
š Technical Indicators
Relative Strength Index (RSI): Currently around 50, indicating neutral momentum.
MACD: Shows a potential bearish crossover, suggesting possible downward momentum.
š® Price Predictions
Short-Term: Analysts predict that $ADA may trade between $0.66 and $0.73 in the near term, with potential to reach $0.76 if bullish momentum continues.
Mid-Term: Forecasts suggest ADA could reach $0.85 by the end of 2025, contingent on breaking current resistance levels.
Long-Term: Some analysts anticipate $ADA could reach $1.00 by the end of 2025, assuming favorable market conditions and continued network growth.
#ADA #TrumpMediaBitcoinTreasury #TradingTypes101 #CEXvsDEX101 #MarketPullback
