The post Cardano (ADA) Price Prediction for 2nd June, 2025 appeared on BitcoinEthereumNews.com.

After staging a modest recovery from May’s closing lows, Cardano price today is back under bearish scrutiny as sellers reassert dominance below key trendline resistances. At the time of writing, Cardano price trades near $0.6610, having shed over 3% in the past 24 hours. This renewed weakness positions ADA at the edge of a critical support region, raising concerns about further downside momentum heading into early June. What’s Happening With Cardano’s Price? ADA’s recent performance reflects a broader risk-off sentiment across the altcoin space. On the 30-minute chart, Cardano price action has broken below a short-term ascending support line, invalidating the recent bullish pennant pattern. A failed retest of the $0.6785 zone has triggered an impulsive breakdown, putting pressure on the $0.6600 support floor. The 4-hour chart shows this move in context of a larger descending channel. Multiple attempts to reclaim the $0.6950–$0.7050 resistance zone have been rejected. As a result, Cardano price update reflects a persistent bearish trend that has extended from May 22 onwards, now nearing the lower boundary of the structure. Momentum Indicators Suggest Weakening Bulls Technical oscillators highlight the deteriorating momentum in ADA. The 30-minute RSI stands at 26.47, deeply oversold and suggesting near-term exhaustion, although no bullish divergence is confirmed. MACD continues to slope downward, with both signal and MACD lines residing below the zero mark, indicating a strong bearish continuation bias. The Stochastic RSI is also scraping bottom levels near 3.18, suggesting any bounce could be technical in nature rather than structural. The Chande Momentum Oscillator reading of -92.82 further validates the heavy selling bias, with no signs of a reversal yet materializing. Bollinger Bands and EMA Structures Weigh On Price The 4-hour Bollinger Bands are significantly widened, a sign of increased Cardano price volatility, with candles hugging the lower band. The 20/50/100/200 EMA…

---

Filed under: News - @ June 1, 2025 5:21 pm