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Cardano Holds Above the Important Support Level of $0.50

Cardano Holds Above the Important Support Level of $0.50

Jul 02, 2025 13:04 // News


Cardano (ADA), after its fall on 22 June, continues to trade above support at $0.50.

Cardano price long-term prediction: bearish

Since 30 May the bears continue to push the ADA lower by breaking below the moving-average lines. CryptoGuestPosts reported that the downtrend had eased since 22 June. This forced the altcoins to move within a range between the $0.50 level and the moving average line. The cryptocurrency's price is currently bouncing between the $0.50 level of support and the 21-day SMA barrier.

Cardano's uptrend will begin if it breaches the 21-day SMA. Positive momentum will continue to grow until the 50-day SMA or $0.66 high.

If the altcoin falls under the 21-day SMA, then the upward trend will continue.

Analysis of ADA Price Indicators

Cardano's price bars are below the moving-average lines, indicating a bearish trend. Altcoins have reached $0.50, which indicates that the selling pressure is easing. Cardano's price will drop further if the threshold of 21-day SMA is not met. The uptrend, on the other hand will begin above the 21-day SMA.

Technical Indicators


Key resistance zones: $1.20 $1.30 and $1.40


Support Zones for Key Areas: $0.90 ($0.80), $0.80 ($0.80) and $0.70 ($0.70)

What's the next step for Cardano cryptocurrency?

Cardano's price has been moving sideways ever since the crash of 22 June. The altcoin’s uptrend depends on whether or not it can break through the SMA 21-day barrier. The $0.50 level of support hasn't been broken since April 2025. Cardano's range will be limited as long as $0.50 is the support level and as long as the 21-day SMA barrier holds.

READ  Solana slides towards the breakthrough level of $185

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.

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