After bouncing from the $0.66–$0.67 support band last week, the Cardano price today is hovering near $0.690, marking a modest 2.9% weekly gain. The bounce came after ADA touched the 0.618 Fibonacci retracement level ($0.6769), a critical zone that has acted as a pivot for price structure since April. The latest Cardano price action suggests bullish intent, but short-term indicators show signs of exhaustion just beneath $0.715.
What’s Happening With Cardano’s Price?
Cardano price rallied aggressively on June 9, breaking above the $0.678 resistance zone and briefly tapping $0.715. This move occurred after a breakout from the descending triangle pattern visible on both the daily and 4-hour timeframes. However, price has since pulled back slightly, struggling to hold above the 100 EMA at $0.695 and now consolidating around the Bollinger Band midline.
The 30-minute Ichimoku chart confirms that ADA is holding above the cloud, which has now turned into short-term support near $0.688. The Tenkan-Sen and Kijun-Sen remain bullishly crossed, although they are beginning to flatte…
The post Cardano (ADA) Price Prediction for June 11: Key Support at $0.67 Holds as ADA Eyes Retest of $0.71 appeared first on Coin Edition.
