Cardano (ADA) is at Risk of Collapse, Will the Drop Happen at the End of June 2025?

Jakarta, Pintu News – In the last few days, the price of Cardano (ADA) has experienced a significant decline, breaking below the $0.680 zone. Currently, ADA is in a consolidation phase and faces difficulties to maintain support at the $0.620 level.

Cardano Price Current Condition

Cardano (ADA) has recently experienced a fairly sharp price drop, in contrast to Bitcoin (BTC) and Ethereum (ETH) which have remained stable. This decline brought ADA into the bearish zone after its exchange rate dropped below $0.70. The decline continued until it bottomed out at $0.6134, before finally experiencing a slight upward correction.

The correction brought the price of Cardano (ADA) back up past the $0.620 and $0.6350 levels. However, this recovery attempt stalled near $0.6560 as selling pressure was still strong. Currently, ADA is struggling to maintain its position above the 100-hour simple moving average and support the bullish trend line formed on the hourly chart.

Also Read: Bitcoin (BTC) Hits a New Low, What’s the Impact on the Market? (6/18/25)

Technical Analysis: Cardano Price Movement Potential

From a technical perspective, Cardano (ADA) faces strong resistance in the $0.650 zone. The first resistance is at $0.6560, followed by critical resistance at $0.6720, which is adjacent to the 50% Fibonacci retracement level of the last downside move. If ADA manages to break above $0.6720, it could trigger a significant upside.

The upside could potentially bring the price of Cardano (ADA) close to $0.70 and if the bullish momentum continues, the next target is $0.7350. However, all of this relies on ADA’s ability to maintain critical support and break through the identified resistance.

Downside Scenario: Risks to Watch Out For

If Cardano (ADA) fails to break the resistance at $0.6720, there is a possibility that the price will drop again. Immediate support is at $0.630, followed by major support at $0.620. A break below $0.620 could open up opportunities for further declines towards $0.60.

The next support after that is at $0.5650, where buyers might try to enter and stabilize the price. Technical indicators are currently showing bearish momentum, with the Moving Average Convergence Divergence (MACD) showing strengthening in the bearish zone and the Relative Strength Index (RSI) being below the 50 level.

Conclusion: The Future of Cardano Price

With volatile market conditions, Cardano (ADA) investors and traders should be aware of possible price movements. Observing key supports and resistances will be crucial in determining the next investment strategy. Whether Cardano (ADA) will experience a recovery or further decline, only time will tell.

Also Read: Global Tensions Heat Up, Crypto Takes a Hit: What Really Happened? (6/18/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Cardano (ADA) Faces Trouble Near $0.70. Accessed on June 18, 2025
• Featured Image: Crypto Economy