🔵 Cardano (ADA) — Daily Recap & Outlook
📅 June 4, 2025
📊 Current Price: $0.6700
📉 24h Change: −1.4%
💰 Market Cap: $23.7B
📈 Trading Volume: $518M
🧠 Market Overview:
▪️ ADA failed to hold the $0.6926 level and retraced to $0.67.
▪️ The price is currently in a local support zone, but selling pressure remains.
▪️ On-chain activity is increasing, though it hasn’t yet influenced price action.
🔮 What’s Next?
▪️ If ADA loses the $0.66 level, the next support lies at $0.6520.
▪️ A breakout above $0.68 could open the path toward $0.70 and higher.
▪️ RSI on the 4H chart is around 49, indicating a neutral zone with recovery potential.
▪️ Strong ecosystem news (e.g., Hydra updates or new partnerships) could trigger a rebound.
📌 Conclusion:
Cardano is currently trading within a corrective phase. If bulls can hold the $0.66 level, ADA may have a chance to resume its upward trend.
