After several weeks of sideways consolidation, Cardano price today has started June under pressure, slipping below critical support near $0.72. The broader crypto market has lost some momentum amid renewed uncertainty around macroeconomic conditions and profit-taking near May’s peaks. Currently trading around $0.7020, the Cardano price reflects technical vulnerability in the short term, but medium-term structure still shows bullish potential if key zones hold.
What’s Happening With Cardano’s Price?
On the daily chart, Cardano price action has broken below the ascending trendline that supported the rally since mid-April. This breakdown has coincided with a drop beneath the 20 and 50-day exponential moving averages, which now sit at $0.74 and $0.73 respectively. The Bollinger Bands are beginning to expand again after compression, indicating the potential for volatility ahead.
The Ichimoku Cloud analysis on the daily chart shows ADA trading near the lower boundary of the cloud, with the Chikou Span turning sideways—a sign of market indecision. The Kijun and Tenkan lines have also crossed bearish, suggesting sellers have regained control in the near term. Still, the price remains above the long-term support zone near $0.63, which has served as a strong base for previous recoveries.
Indicators Signal Weak Momentum as June Begins
The Relative Strength Index (RSI) on the daily timeframe has declined to 41.88, well below the neutral 50 mark, confirming that Cardano price volatility is skewed to the downside in the short term. Momentum has slowed significantly since the late-April spike, when ADA briefly tested resistance near $0.85.
Meanwhile, the MACD has printed a bearish crossover, with the histogram turning negative, signaling increasing downward momentum. The Stochastic RSI is deeply oversold, below 5, suggesting a technical bounce could develop in the coming sessions, especially if buyers manage to reclaim the $0.72–$0.73 zone.
Weekly Chart Holds the Key to Broader Trend
From a weekly perspective, ADA is still consolidating between two major Fibonacci levels—the 0.5 retracement near $0.80 and the 0.618 level at $0.6768—drawn from the July 2023 low to the March 2024 high. This band has historically acted as a pivot zone, and June’s close within or above this range will be key to determining whether ADA resumes its bullish cycle or confirms a deeper retracement.
The broader Cardano price update reflects a cooling off after a euphoric Q1 rally. The long-term trendline from October 2023 still holds, and the bullish structure remains intact as long as ADA stays above $0.63 on the weekly close. Failure to hold that base, however, opens the door to a drop toward the $0.58–$0.60 range.
Why Cardano Price Going Down Today?
The immediate answer to why Cardano price going down today lies in the rejection near the $0.78 resistance earlier this week, coupled with weak momentum across altcoins. Bitcoin’s pause below $70,000 and a decline in broader market risk appetite have contributed to profit-taking in ADA. Additionally, the bearish divergence on both MACD and RSI has finally materialized into a downward push.
While there’s no clear sign of capitulation, the breach of support zones signals that traders are becoming more cautious, especially amid macro and regulatory concerns surrounding altcoins in June.
June 2025 Outlook: What Comes Next for ADA?
Cardano price is likely to remain range-bound with downside pressure in early June unless bulls reclaim key moving averages near $0.73. A successful retest of $0.68 as support could set the stage for a rebound later in the month. Upside targets include $0.76 and $0.80, while failure to hold above $0.68 would expose $0.63 and then $0.60 as the next downside zones.
The overall bias remains cautiously bearish in the short term, with potential bullish reversal only if ADA regains its footing above the Ichimoku cloud midline and MACD turns back to the positive zone.
Cardano (ADA) June 2025 Forecast Table
| Indicator/Level | Observation | Implication |
| Current Price | $0.7020 | Trading below key EMAs |
| Resistance Levels | $0.73, $0.76, $0.80 | Key ceilings for potential breakout |
| Support Levels | $0.68, $0.63, $0.60 | Near-term demand zones |
| RSI (Daily) | 41.88 | Bearish momentum |
| MACD (Daily) | Bearish crossover | Waning bullish strength |
| Ichimoku Cloud (Daily) | Near lower boundary | Vulnerable to breakdown |
| Stochastic RSI | Oversold (<5) | Bounce risk increasing |
| Weekly Fib Levels | 0.618 ($0.6768), 0.5 ($0.8008) | Pivotal trend decision area |
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