June 3, 2025
Cardano (ADA) is trading at $0.69, down 1.5% in the last 24 hours (CoinGecko). Despite the correction, the network shows activity, surpassing Ethereum in the number of developer commits over the year (@TapTools). ETF expectations and new projects are fueling interest (@binance, CoinDesk).
What's happening?
ADA is forming a symmetrical triangle on the daily chart, indicating a possible breakout (Coinpedia). Support at $0.64, resistance at $0.77 (FXStreet). RSI (51) is neutral, and MACD shows weak bullish momentum (CoinCentral). Trading volume increased by 40% to $1.85 billion, but the SEC's delay with the Grayscale ETF creates uncertainty (U.Today, Cointelegraph). Integration with Wanchain for stablecoins (USDC, USDT) and the launch of the Cardinal protocol for DeFi with BTC strengthen the ecosystem (U.Today).
Opportunities on Binance
Buy ADA with no fees via P2P or use Binance Convert. Staking ADA on Binance Earn yields up to 5% annually. Participate in airdrops through Binance Launchpool (@binance).
Chart: ADA Price over 7 Days
Explanation: The chart shows ADA's decline from $0.759 to $0.69 with consolidation around $0.70. Support at $0.64 and resistance at $0.77 are key levels.
What's next?
ADA could break $0.77 and reach $1.10 if ETF news turns positive or network activity increases (Coinpedia). A correction to $0.60 is possible if selling intensifies (U.Today). Keep an eye on Binance Square and trade at [binance.com]
