Cardano's (ADA) situation this week (June 22, 2025)
Based on the latest available data from web sources and X posts, here’s an overview of Cardano's (ADA) situation this week with potential trading recommendations. Please note that the cryptocurrency market is extremely volatile, and personal research and consulting with a financial advisor should always be conducted before making trading decisions.
Current price and market performance
• Current price: According to CoinMarketCap, ADA is trading at around $0.5768 with a 24-hour trading volume of approximately $690.96 million. CoinGecko data indicates a price of around $0.58 with a 3.9% decrease over the past 24 hours and a slight increase of 0.6% over the past week.
• Market cap: The market cap of ADA is approximately 304,275 BTC (equivalent to about $20.6 billion based on current market conversions), placing it ninth among cryptocurrencies.
• Weekly performance: ADA's price rose by 14.27% over the past week, but the monthly performance shows a decrease of 2.08%, while it increased by 35.53% over the past year.
• Support and resistance levels:
◦ Support: A strong support level around $0.60, with potential additional support at $0.39 in the short term.
◦ Resistance: Key resistance levels at $0.73 and $0.75, with historical resistance at $1.26.
Technical analysis
• Current trend: X posts indicate mixed analyses. On the weekly timeframe, ADA shows a consolidation around $0.59, with a potential test of support at $0.39 or resistance at $1.26. On the 4-hour timeframe, there are conflicting scenarios:
◦ Bullish: If the price breaks the $0.665 level, it may target $0.685, then $0.714, reaching up to $0.745.
◦ Bearish: If the price breaks the $0.628 level, it may drop to $0.615, then $0.600, down to $0.580. Another post indicates the continuation of the bearish trend with a target at $0.5364 if selling pressure persists.
• Technical indicators:
◦ Relative Strength Index (RSI): On the 4-hour timeframe, the RSI broke above 50, indicating potential positive momentum. However, on the daily timeframe, the RSI approaches a buy signal if it crosses above its midpoint (50).
◦ Moving averages: The price is trading below short-term and long-term moving averages, reinforcing caution in bullish forecasts until these levels are broken.
Influencing factors
1 Network developments: A recent report indicated the development of 2,004 decentralized applications on the Cardano blockchain, enhancing optimism about technical growth. Platforms like Minswap and Liqwid lead decentralized trading (DEX) and lending with a total value locked (TVL) of $80.9 million.
2 Market sentiment: The general cryptocurrency market has experienced fluctuations recently, with Bitcoin declining to around $77,000 due to factors such as U.S. tariffs. This may negatively impact ADA, which often follows Bitcoin's movements.
3 Whale activity: Movements by large investors (whales) can significantly affect the price, especially if large sell-offs occur.
4 Technical updates: Cardano's plans to launch a sidechain compatible with the Solana Virtual Machine (SVM) could boost demand for ADA if successful.
Trading recommendations
Given the high volatility in the cryptocurrency market, here are potential trading recommendations based on the current analysis (not financial advice, but general guidance):
1 For short-term traders (Scalping/Day Trading):
◦ Bullish strategy:
▪ Wait for a breakout at $0.665 with confirmation of a candle closing above this level on the 4-hour timeframe.
▪ Profit targets: $0.685, $0.714, $0.745.
▪ Stop loss: Below $0.628 to reduce risk.
◦ Bearish strategy:
▪ If the price breaks $0.628, consider opening a short position.
▪ Profit targets: $0.615, $0.600, $0.580 (or even $0.5364 if bearish momentum continues).
▪ Stop loss: Above $0.665 to avoid losses in case of a reversal.
◦ Tip: Monitor trading volume and RSI to confirm momentum. Use strict risk management (do not risk more than 1-2% of capital on a single trade).
2 For medium/long-term traders (Swing/HODL):
◦ Bullish strategy:
▪ Consider buying near the support level of $0.60 or $0.39 if a deeper correction occurs.
▪ Long-term target: $0.73, $0.75, or even $1 if the price breaks the current resistance and positive momentum continues.
▪ Monitor news related to Cardano developments, such as the launch of the sidechain or increased adoption of decentralized applications.
◦ Wait strategy:
▪ If you are unsure of the direction, wait for a clear confirmation of a breakout at $0.73 (upwards) or a break at $0.60 (downwards) before making a decision.
◦ Tip: Cardano has strong fundamentals (active technical system and supportive community), making it a good option for long-term investment if you are willing to endure volatility.
3 Risk management:
◦ Don't invest more than you can afford to lose.
◦ Always use stop-loss orders to mitigate losses.
◦ Monitor general market sentiment, especially Bitcoin movements, as they influence ADA.
◦ Follow news related to Cardano updates or global regulations that may affect the market.
Price forecast for this week
• Optimistic scenario: If the price breaks $0.665 and positive momentum continues supported by good news (such as technical progress or improved market sentiment), it may reach $0.745 or higher by the end of the week.
• Pessimistic scenario: If selling pressure continues or the market is affected by Bitcoin's decline, the price may drop to $0.580 or even $0.5364.
• Neutral scenario: Consolidation around $0.58-$0.60 is likely to continue if there is no strong catalyst for upward or downward movement.
Additional notes
• Volatility: The cryptocurrency market is known for its high volatility. External influences such as regulatory statements or tweets from influential figures (like Elon Musk) can lead to sudden movements.
• Personal research: The above recommendations are based on general analyses. Conduct your own analysis using tools like TradingView or Binance to confirm signals.
• Secure storage: If you plan to hold ADA, use a secure wallet like Daedalus or hardware wallets (Ledger/Trezor) instead of leaving coins on trading platforms.
If you need deeper analysis or specific recommendations based on your personal strategy, please provide more details (such as capital, investment horizon, or risk tolerance level).
Warning: Trading in cryptocurrencies involves high risks. This is not financial advice, and you should conduct your own research before making any investment decision.
