Cardano (ADA) has rebounded from the selling pressure observed in recent weeks and has shown a significant price increase. This has sparked interest among traders and long-term investors.
Reasons for Cardano’s Recent Price Surge
The recent price surge of Cardano was driven by news of a ceasefire between Israel and Iran, restoring investor confidence. U.S. President Donald Trump announced a diplomatic breakthrough that contributed to an overall rise in the cryptocurrency market. ADA saw an increase of almost 7% on June 24, 2025, as part of a broader recovery in digital assets.
Technical Indicators and Support Levels
Current technical indicators suggest a potential reversal. The Relative Strength Index (RSI) at 37.01 indicates a possible reversal as it has moved from an oversold region. Heikin Ashi candles show two consecutive green candles, giving a favorable sign for short-term investors. Key resistance levels sit at $0.59047 and $0.63, while support is at $0.50.
Future Growth Prospects
Despite the current rise, it is important to understand that Cardano remains below the 50-day EMA, which indicates a persistent bearish sentiment in the market. To avoid a market trap, ADA must confirm a breakout above $0.63–$0.65 and sustain above $0.70 to initiate a more robust growth trend.
Cardano is showing early signs of strength after a prolonged downtrend. To confirm this trend, it needs to maintain levels above $0.60. Monitoring trading volumes and price movements will be crucial for further analysis.
