Cardano ($ADA ), June 3, 2025. Short-term analysis (1–3 days) with weekly context.
Cardano is currently trading around $0.69, exhibiting a tight consolidation pattern. The price action suggests a potential breakout or breakdown, depending on upcoming market movements.
Market Structure and Technical Overview
After a period of consolidation, ADA has been hovering between $0.66 and $0.70. The price is facing resistance at $0.70 and support at $0.66.
Key levels:
Resistance: $0.70 – $0.72
Support: $0.66 – $0.64
Indicators:
EMA (50/100/200): The price is below the 50-day EMA, indicating short-term bearish momentum.
RSI (D1): Currently at 45, suggesting neutral momentum.
MACD (H4): Shows a bearish crossover, indicating potential downward movement.
Smart Money Zones and Intentions
The $0.70 – $0.72 range has been a significant area of interest, with multiple rejections in the past. A decisive break above this zone could trigger stop-loss orders from short positions, leading to increased buying pressure.
On the downside, the $0.66 – $0.64 support zone has held firm, indicating accumulation by larger players. A drop below this level might suggest a shift in market sentiment.
Institutional Flows and Market Context
ETF Inflows: Recent delays in ETF approvals have impacted market sentiment, contributing to ADA's current price consolidation.
Exchange Supply: The supply of Cardano ($ADA )on exchanges remains stable, suggesting that investors are holding their positions.
Near-Term Scenarios to Monitor
If Cardano ($ADA ) breaks above the $0.70 – $0.72 resistance zone with strong volume, it could pave the way for a move towards $0.75 and potentially $0.80.
Conversely, if the price fails to break this resistance and falls below the $0.66 support, it may indicate a bearish trend, with the next support level around $0.60.
Conclusion
Cardano is at a critical juncture. A breakout above $0.72 could signal a continuation of the bullish trend, while a drop below $0.66 might suggest a reversal. Monitoring these key levels and market indicators will be essential in the coming days.
