📈 Analysis and forecast for $ADA : local bottom and time to enter? 🚀
As of June 1, 2025, 15:54 EEST, the price of $ADA on Binance is $0.6596, with a 2.15% drop in the last 24 hours. The daily trading volume is $690M, and the market capitalization is $23.97B (according to CoinMarketCap). The drop is related to an overall market correction, but there are signs of a local bottom.
Technically, ADA is in the support zone of $0.65–$0.66, which previously (May 2025) held the price. The RSI (14) on the 4-hour chart is around 40, indicating oversold conditions and a potential reversal. MACD shows a slowdown in the downward momentum. Key resistance is at $0.68; a breakout above may push the price to $0.73. Support at $0.64 is a critical level.
Forecast: By mid-June, ADA could rise to $0.73–$0.80 if the market stabilizes. By the end of 2025, a rise to $0.95–$1.00 is possible (according to Changelly), with a bullish trend for $BTC. The long-term target for 2026 is $1.20+, if DeFi on Cardano continues to grow.
Local bottom and time to enter? The current price of $0.6596 is close to support at $0.65, and the RSI's oversold condition hints at a reversal. A 2.15% drop in a day is more likely a correction than the start of a crash. This could be a good entry point for long-term investors. Set a stop-loss at $0.64. On X, traders note interest in $ADA at these levels but advise keeping an eye on $BTC. The market is volatile — be cautious! #ADA #Binance #CryptoAnalysis
