📈 Analysis and forecast for $ADA on Binance: further prospects? 📉
At 20:55 EEST, June 17, 2025, the price of $ADA (Cardano) on Binance is $0.6060, showing a decrease of 7.18% over the last 24 hours. The decline in trading volume indicates a possible slowdown in investor activity, which may be related to an overall market correction or profit-taking. $ADA, the token of an innovative blockchain focused on scalability and smart contracts, continues to attract attention due to its development.
Technically, $ADA looks vulnerable but with potential for stabilization. On the 4-hour chart, the 50-day SMA has turned below the 200-day, signaling bearish momentum. The RSI (14) at 45 is in the neutral zone, close to oversold, while the MACD shows weak negative dynamics. Key resistance is at $0.65, a breakout of which could lead to $0.70. Support is located at $0.60, below which is $0.55. Holding above $0.6060 will be critical for a bullish scenario.
Forecast: in the coming days, ADA may test $0.60–$0.62, with a chance of recovering to $0.65 by the end of June 2025 with volume support. By July, a rise to $0.75–$0.80 is possible if the market stabilizes. The long-term outlook for 2026 is $1.20+, assuming successful implementation of updates and new partnerships. Risks include a further drop to $0.50 and market volatility. Some opinions from web sources suggest a potential of up to $1.50 by 2026, but this is speculative.
Further prospects? A drop of 7.18% and a price of $0.6060 are close to the support at $0.60. Buying at $0.58 with a target of $0.65 and a stop-loss at $0.55 may be justified for long-term investors. The project stands out due to its support for a scientific approach and the DeFi ecosystem. Stay tuned for news on new updates!
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