$ADA
📊 Updated Cardano (ADA) Technical Analysis – Mid‑June 2025
📌 Price Overview
ADA is currently hovering between $0.62 and $0.64, facing resistance near $0.65 and support strengthening around $0.62 .
🔹 Resistance Levels
**$0.65–$0.66**: Immediate ceiling—daily attempt to retake this zone has failed .
**$0.68–$0.70**: Psychological barrier; Nasdaq index inclusion has highlighted this zone .
🔸 Support Levels
**$0.62**: Recent dip support—volume spike here established a local bottom .
**$0.60–$0.61**: Next stronghold; breakdown below may drag toward $0.57 .
📉 Indicators & Patterns
RSI + MACD: Slight bullish divergence forming on lower timeframes, but overall bias remains negative .
Chart structures: ADA broke down from an ascending wedge and now trades near lower Bollinger Bands on 4H—oversold condition but no confirmed reversal yet .
Volume: Elevated volume at support reinforces accumulation interest .
🎯 Key Scenarios to Watch
Bullish: A rebound and clean close above $0.65–$0.66, with volume, could open the door to $0.68–$0.70.
Bearish: If ADA fails to hold $0.62, expect a test of $0.60, potentially dipping toward $0.57 or even $0.50 .
⚖️ Outlook
Cautiously Neutral–Bearish short-term due to breakdown and weak momentum; however, if support at $0.62 holds and bullish divergences materialize, a technical rebound toward $0.65+ is possible.
