NewsBTC

27 June 2025
Updated 1 July

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Cardano Price Declines Below $0.5750, Faces Risk of Further Drop

Cardano (ADA) Price Analysis

• ADA price declined below $0.580 and $0.5750, currently trading under $0.570.
• A bearish trend line is forming with resistance at $0.570 on the hourly chart.
• The price is struggling to maintain above the $0.550 support zone.
• If ADA drops below $0.550, further declines may occur.
• Key resistances are at $0.5850 and $0.5920; a close above $0.5920 could lead to a rally towards $0.620.
• Immediate support levels are near $0.5520 and $0.5300, with major support at $0.50.

Technical indicators show bearish momentum, with the MACD gaining strength in the bearish zone and RSI below 50.