As of now, Cardano's price stands at $0.58. In recent weeks, the price has shown a steady decline, failing to break above the $0.50 mark.
Current Cardano Price Dynamics
According to analyst InvestingHaven, the ADA price has reached a significant bottom. He noted a key support level at $0.50, which has been frequently tested with the formation of a triple bottom. This pattern indicates strong demand at this level and suggests that selling pressure is weakening.
Total ADA Supply Profitability
According to Santiment data, the total ADA supply in profit has increased to 18.23 billion as of June 4, 2025. This marks a significant rise from 15.89 billion at the start of the week, which could increase buying pressure, though some holders might choose to take profits.
ADA Price Forecasts for the Near Future
Currently, ADA is trading at $0.58 with a market capitalization of $20.6 billion. Trading volume has decreased by 42.3% over the past 24 hours. The MACD indicator shows signs of bullish sentiment but remains in the negative zone. The RSI level has also fluctuated around 47.
Despite the current consolidation of Cardano prices, July may be a favorable month for the coin based on historical trends. Attention should be paid to the new updates from Input Output Global that could impact future price movements.
