Cardano ($ADA ) Price Analysis: Key Levels to Watch as ADA Eyes $0.65

Cardano (ADA) is showing signs of a potential reversal after finding strong support at $0.50, a critical level that has held firm despite recent market volatility. Analysts are now watching closely to see if ADA can break out toward $0.65 in the coming weeks.

Key Takeaways:

✅ Strong Support at $0.50 – A triple-bottom pattern suggests buyers are defending this level aggressively.
✅ Supply in Profit Surges – Over 18.23B ADA is now in profit, signaling bullish sentiment among holders.
✅ MACD Shows Early Bullish Shift – Momentum is improving, but RSI (47) still needs to break above 50 for confirmation.

ADA’s Next Moves:

📈 Bullish Scenario:

A daily close above $0.5840 could trigger a push toward $0.65.

Breaking $0.81 would confirm a major trend reversal, opening doors for a stronger rally.

📉 Bearish Risk:

Failure to hold $0.50 could lead to a drop toward $0.5419.

Profit-taking from holders could increase selling pressure.

Why July Could Be Pivotal for ADA

Historical trends show ADA tends to perform well in July.

New Cardano developer tools (like property-based testing) could boost network activity.

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