*๐จ If You Hold More Than 1 ADA, Read This!*
Cardano (ADA) is currently trading at *0.63*, showing a slight uptick of **+1.11
๐ Current Market Analysis:
- *Price Range:* ADA is navigating between *0.68* and *0.80*, with *0.68* acting as a crucial support level. A drop below this could see prices testing *0.60*.
- *Indicators:* The *RSI* is at *41.88*, indicating bearish momentum, while the *MACD* has turned negative, suggesting increased downward pressure. However, the *Stochastic RSI* is deeply oversold, hinting at a potential short-term bounce.
- *Weekly Outlook:* ADA is consolidating between the *0.5 Fibonacci retracement at0.80* and the *0.618 level at 0.6768*. A weekly close above this range could signal a bullish continuation, while a drop below *0.63* may lead to further declines.
๐ June 15 Prediction:
- *Bullish Scenario:* If ADA reclaims *0.73*, we could see a move towards *0.76* and potentially *0.80*.
- *Bearish Scenario:* Failure to hold *0.68* could open the door to *0.63* and then *0.60*.
๐ง Final Thoughts:
ADA's price action is at a critical juncture. Holding above *$0.68* is essential for bullish momentum. Keep an eye on key support and resistance levels, and consider setting stop-loss orders to manage risk.
