{"id":54572,"date":"2025-06-20T11:18:59","date_gmt":"2025-06-20T11:18:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cardano-price-forecast-ada-holds-0-60-but-risks-fresh-losses\/"},"modified":"2025-06-20T11:18:59","modified_gmt":"2025-06-20T11:18:59","slug":"cardano-price-forecast-ada-holds-0-60-but-risks-fresh-losses","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cardano-price-forecast-ada-holds-0-60-but-risks-fresh-losses\/","title":{"rendered":"Cardano price forecast: ADA holds $0.60 but risks fresh losses"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/cardano-bull-vs-bear-outlook-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/cardano-bull-vs-bear-outlook-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/cardano-bull-vs-bear-outlook-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/cardano-bull-vs-bear-outlook-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Cardano price is up 0.5% over the past 24 hours, trading around $0.60.<\/li>\n<li>The technical picture has ADA trading within a broadening wedge, with a potential retest of the lower trendline.<\/li>\n<li>Technical indicators like the MACD and RSI indicate sustained bearish momentum.<\/li>\n<\/ul>\n<p>Cardano (ADA) is just in the green on the day, up about 0.5% in the past 24 hours at the time of writing and risking fresh losses.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a>\u2019s surge to above $106 has bulls eyeing more upside, and <a href=\"https:\/\/coinjournal.net\/news\/tag\/cardano\/\">Cardano<\/a> could ride the broader uptick to snap its bearish daily close streak.<\/p>\n<p>However, with ADA trending in a broadening wedge, a potential retest of the lower trendline suggests buyers may yet hit the rocks.<\/p>\n<h2>Cardano price today<\/h2>\n<p>Cardano has faced significant volatility over the past month. Having reached highs of $0.84 in late May, the past week has seen it extend losses to nearly 20% over the month and 5% this past week.<\/p>\n<p>This has come amid a broader risk asset sell-off, catalyzed by escalating Middle East tensions.<\/p>\n<p>Currently, the $0.60 level is acting as a near-term support, aligning with a trendline formed since December 2023.<\/p>\n<p>A failure to hold $0.60 could precipitate a retest of $0.50 or lower, particularly as on-chain data indicates rising selling pressure from long-term holders.<\/p>\n<h2>ADA price technical outlook<\/h2>\n<p>From a technical perspective, ADA is confined within a broadening wedge pattern, characterized by diverging trendlines that suggest increasing volatility.<\/p>\n<p>This pattern implies a potential retest of the lower trendline, which could drive prices toward $0.40 if bearish momentum persists.<\/p>\n<p>Notably, the MACD on the weekly chart shows a bearish crossover, with the MACD line below the signal line, reinforcing downside pressure.<\/p>\n<figure id=\"attachment_316312\" aria-describedby=\"caption-attachment-316312\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-316312\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/ADAUSD_2025-06-20_12-54-11.png\" alt=\"\" width=\"1057\" height=\"546\"\/><figcaption id=\"caption-attachment-316312\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSD\/\" target=\"_blank\" rel=\"noopener\">Cardano price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Similarly, the RSI, currently at 44, is below the neutral 50 level and trending downward.<\/p>\n<p>This indicates fading bullish conviction and room for further declines before reaching oversold territory.<\/p>\n<p>These indicators collectively warn of a bearish outlook in the short term.<\/p>\n<p>However, a bullish reversal remains plausible if ADA breaks above the upper wedge boundary of the recently formed pattern.<\/p>\n<p>Such a breakout could catalyze a significant rally, potentially exceeding +380% and targeting levels above $1.6 to $2.00.<\/p>\n<p>This price forecast aligns with historical price cycles and optimistic market conditions.<\/p>\n<p>In the short term, key resistance lies at $0.80 and $1.14, potentially paving the way for$1.5 or higher.<\/p>\n<p>Analysts see the interplay of whale accumulation, with millions of ADA acquired recently, and potential catalysts like an ADA ETF approval bolstering bullish sentiment.<\/p>\n<p>Nevertheless, broader market weakness and profit taking could derail bulls.<\/p>\n<p>In this case, a breakdown below $0.60 could bring $0.40 into play.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-3.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/cardano-price-forecast-ada-holds-0-60-but-risks-fresh-losses\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Cardano price is up 0.5% over the past 24 hours, trading around $0.60. The technical picture has ADA trading within a broadening wedge, with a potential retest of the lower trendline. Technical indicators like the MACD and RSI indicate sustained bearish [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":54573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54572"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=54572"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/54572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/54573"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=54572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=54572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=54572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}