After a sharp intraday drop, the Cardano price today is hovering near the $0.6320 mark, reflecting persistent downside pressure following rejection from the $0.70 resistance earlier this week. The broader Cardano price action remains constrained below the key 0.618 Fibonacci retracement level, with sellers capitalizing on weak bullish follow-through and fading market momentum.
What’s Happening With Cardano’s Price?
Cardano opened June 13 with a decisive breakdown below the ascending wedge support visible on the 4-hour chart, triggering a wave of liquidations that pulled ADA price sharply toward the $0.62–$0.63 demand zone. This region has previously acted as a support shelf during late May consolidations and is now under fresh pressure amid renewed risk-off sentiment in altcoins. The weekly chart reflects this vulnerability, as Cardano price volatility expands with a drop toward the 0.786 Fib level near $0.50 still in play if bearish momentum deepens.
The Ichimoku Cloud on the 30-minute chart shows price firmly below the Kumo, with a flat Senkou Span A and a declining Kijun-Sen line. This signals a continuation of short-term bearish structure unless bulls reclaim $0.6490. Meanwhile, the Stoch RSI has spiked into overbought territory at 82.93, warning of a possible local exhaustion if upside attempts falter below the cloud.
Momentum Indicators Show Early Signs of Stabilization
While Cardano price remains in a weak posture, short-term indicators hint at a potential technical bounce. The 30-minute RSI has lifted off deeply oversold levels and now stands near 38.40, supported by a minor bullish crossover on the MACD histogram. This signals a slowing of downward momentum, but not yet a confirmed reversal.
On the 4-hour Bollinger Bands, ADA price is trading along the lower band, signaling oversold conditions as well. However, with all major EMAs (20/50/100/200) stacked overhead between $0.6780 and $0.7060, any recovery would face considerable resistance. For now, the flattening MACD line just above its signal suggests bulls lack the volume and conviction to push higher in the immediate term.
Why Cardano Price Going Down Today?
The question of why Cardano price going down today can be answered by observing the failed breakout from the $0.72 range earlier this week, which coincided with bearish divergence on multiple timeframes. This triggered a selloff that was further accelerated by breakouts below trendline support across the 30-minute, 4-hour, and daily charts. Additionally, broader market sentiment weighed on ADA, with Bitcoin and Ethereum also stalling at key resistances.
The weekly Fibonacci levels also reflect that ADA failed to sustain any meaningful price spikes above the 0.5 retracement zone near $0.80. The lack of follow-through from bulls above $0.70 has exposed the asset to repeated tests of the $0.62–$0.60 support base. If this base breaks on volume, it may open the door to a larger pullback toward $0.57 and $0.50 as mapped on the daily structure.
Short-Term ADA Outlook and Forecast
ADA is at a technical crossroads. Although indicators such as the RSI and MACD show mild bullish divergence on lower timeframes, the structure remains heavily bearish with trendline rejections and cloud resistance capping upside potential. Until Cardano price reclaims $0.6650 and closes above the 50 EMA on the 4-hour chart, sellers are likely to remain in control.
Technical Forecast Table (June 14, 2025)
Indicator/Structure | Level/Status | Bias |
Current Price | $0.6320 | Bearish |
Resistance Levels | $0.6490 / $0.6650 / $0.6820 | Strong Overhead Supply |
Support Levels | $0.6200 / $0.6000 | Critical Zones |
RSI (30-min / 4H) | 38.4 / 33.5 | Recovering but Weak |
MACD (30-min / 4H) | Flat / Bearish Crossover | Cautiously Negative |
Ichimoku (30-min) | Price Below Cloud | Bearish |
Bollinger Bands (4H) | Price Near Lower Band | Oversold Zone |
Weekly Fib Levels | 0.618 ($0.67), 0.786 ($0.50) | Under Pressure |
Unless bulls reclaim $0.6650, the Cardano price update suggests further short-term downside risk remains on the table. However, if $0.62 holds as a floor, a short-lived relief bounce could materialize before another directional leg.
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