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Key Takeaways:
- ADA must break $0.60 to confirm any meaningful recovery.
- Support at $0.55 remains intact but vulnerable without bullish momentum.
- Low volume and resistance near EMAs suggest caution as consolidation continues.
Cardano (ADA) is attempting to regain bullish momentum after bouncing off the $0.56 support zone. While early signs of recovery are visible, persistent bearish pressure continues to keep the altcoin below the critical $0.60 resistance level. Analysts warn that unless volume and market confirmation arrive soon, this rebound may turn into yet another fakeout.
Resistance at $0.60 Keeps Bulls in Check
On the hourly chart, ADA has shown promising signs of a short-term rebound. However, the broader daily outlook reveals a persistent struggle to break through the $0.59–$0.60 resistance band. This zone, reinforced by the 20-day and 50-day exponential moving averages (EMAs), has become a critical ceiling for Cardano’s price action.
#Cardano is holding the line, but it’s got serious work to do.
— The Crypto Bushman (@bull3478) June 30, 2025
The daily chart shows #ADA bouncing off the $0.55 zone after a brutal multi week downtrend. The recovery is hesitant. Price remains below both the 20 and 50 EMAs and that means bears are still in control for now.… pic.twitter.com/FHdfQRmtbT
A decisive move above $0.5688—a key intraday pivot—could open the door to testing $0.58 and beyond. However, the lack of sustained buying volume raises doubts about whether the momentum can last.
Support at $0.55 Holding Steady—for Now
Despite the bearish backdrop, support near the $0.55 level has remained relatively firm. This price floor has helped ADA avoid deeper losses amid market-wide uncertainty. That said, traders are cautioned against entering long positions prematurely, as the altcoin continues to consolidate in a narrow range.
Tactical, short-term trading strategies may prove more effective as ADA navigates this volatile consolidation phase.
MACD Signals Early Strength, But Volume Lags
Technical indicators paint a mixed picture. The Moving Average Convergence Divergence (MACD) on the daily chart is beginning to curl upward, suggesting early signs of bullish divergence. However, this momentum lacks the support of rising volume.
Trading volume surged 91% over the past 24 hours to $667.63 million—an encouraging sign. Still, with a market cap of $20.06 billion and a volume-to-market cap ratio of just 3.3%, ADA’s activity levels remain insufficient to confirm a full reversal.
Cardano is currently trading at $0.5671, reflecting a modest 0.17% gain over the past 24 hours. Yet, this uptick follows a prolonged downtrend, and without a convincing break above $0.60, optimism remains tempered.
Also Read: Cardano Targets $2T Bitcoin DeFi Market—but Hoskinson Warns of Leadership Crisis
With most of ADA’s 45 billion token supply already in circulation, further price movement will likely hinge on a decisive technical breakout and broader market sentiment.
Cardano’s recent bounce from $0.56 offers hope but remains inconclusive. Until ADA breaks above the $0.60 resistance level with strong volume, the threat of a “dead cat bounce” persists.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
