Cardano's $ADA price is currently $0.5622, with a 0.48% increase over the last 24 hours. Here's what's happening ¹ ²:
- *Current Trend*: The price has broken the local resistance of $0.5605, and if buyers hold the initiative, it may continue to the $0.57 zone.
- *Midterm Outlook*: Neither bulls nor bears are dominating, with the price far from key levels. To continue midterm growth, buyers need to restore the price above the resistance of $0.5882.
- *Price Prediction*: Cardano has a realistic shot at hitting $0.65 in July if it reclaims the $0.60-$0.62 zone. A breakout above $0.6231 could bring momentum up to $0.6480 and $0.6790.
- *Support and Resistance*: Key support levels are $0.5550-$0.5660, while resistance levels are $0.5950-$0.6230 and $0.73-$0.80.
Overall, Cardano's price is at an inflection point, and traders should watch for breakouts or breakdowns near the $0.60 zone as July unfolds