As of June 5, 2025, Cardano (ADA) is trading at approximately $0.678, reflecting a 2.68% decline over the past 24 hours. The price has fluctuated between $0.665 and $0.700 during the day.
🔍 Market Overview & Investor Sentiment
Despite the recent dip, institutional interest in ADA remains strong. Growing attention from large investors and discussions around potential ETF approvals are contributing to a bullish outlook. A recent rumor involving former U.S. President Donald Trump establishing a strategic reserve of ADA briefly spiked speculative buying, though the claim remains unverified.
📉 Technical Analysis & Short-Term Outlook
Short-term technical indicators suggest a bearish trend, with ADA breaking below key support levels. However, analysts anticipate a potential recovery, with price targets ranging between $0.837 and $0.872 in the coming weeks.
📈 Long-Term Price Predictions
June 2025: Predicted average price of $0.739, with potential highs up to $0.872.
October 2025: Forecasted range between $0.918 and $1.089, suggesting a potential return of nearly 60%. 2025 Overall: Projections estimate ADA could reach an average price of $0.945, with bullish scenarios targeting up to $1.376.