📈 Analysis and forecast for $ADA : what's next? 🚀
As of June 4, 2025, 13:19 EEST, the rate $ADA on Binance is $0.7, with an increase of 0.6% over the last 24 hours (according to market data). The trading volume for the day is about $538.85M, market capitalization is $24.69B with a circulating supply of 35.34B tokens. The weak growth reflects consolidation after the recent decline.
Technically$ADA it is in a bearish trend. A double bottom is forming on the 4-hour chart with lows at $0.6632 and $0.6733, aiming to break through $0.7070 (X). The RSI (37.83) indicates oversold conditions, which may signal a reversal. Resistance is at $0.72, support is at $0.65. Breaking through $0.72 could push the price to $0.80, while falling below $0.65 would strengthen the decline to $0.60.
Forecast: By the end of June, ADA could reach $0.85–$0.90 with a breakout at $0.72 (according to market analysis). By the end of 2025, a rise to $0.90–$1.30 is possible if bullish momentum strengthens. The long-term target for 2026 is $1.09+, assuming an increase in Cardano adoption. However, competition and bearish sentiments are risks.
Further prospects? The price of $0.7 is close to the support of $0.65. A 0.6% increase over the day is a weak signal, but take profit at $0.80. Set a stop-loss at $0.65. At X, traders note a double bottom, expecting a test of $0.7070, and advise monitoring the volumes. Considering the oversold conditions and volatility, trade cautiously! #ADA #Binance #CryptoAnalysis
