Cardano is currently trading within a narrow range, reflecting a period of low volatility and indecision in the market. The price seems stable for now, with neither bullish nor bearish momentum taking control. This consolidation phase suggests that participants are waiting for clearer signals before committing to a direction. While the broader trend remains uncertain, the current setup may be laying the groundwork for a more decisive movement. Until then, it is believed that the ADA price will remain consolidated below the new level formed.
The token has shown renewed on-chain strength via whale accumulation and spot demand, with a stable base just below $0.6. Recently, whales withdrew nearly $2.33 million in ADA from exchanges in the first days of the month, suggesting long-term accumulation by large holders and reduced selling pressure. On the other hand, the Cumulative Volume Delta (CVD) data indicates a growing dominance of the buying side in the spot market, signaling that bullish momentum is strengthening.
What comes next? Will the price of ADA reach $1 in July?
The price of ADA appears to be trapped within a descending parallel channel and is oscillating around the mid-zone. It has risen above the levels and is waiting for the necessary moment to rise above the crucial resistance zone between $0.602 and $0.611. The Bollinger Bands have tightened, suggesting a massive drop in volatility and low consolidation. This is a sign that the price is heading towards a significant price movement, where a breakout may be imminent. Interestingly, the RSI also seems to be undergoing a parabolic recovery curve, suggesting that the strength of the rally is building up.
Once the price of Cardano breaks out of consolidation, the Bollinger Bands strategy suggests that not only a rise above $0.62, but also a test of the upper resistance at $0.71 may be imminent. Therefore, it would be interesting to observe how trading unfolds for the ADA price rally during the second half of 2025, as sustaining above $0.8 is crucial to reaching $1.
