Cardano Technical Analysis: Market Outlook for June 10, 2025

Technical analysis of Cardano on June 10, 2025, covering support/resistance zones and indicators.

The technical analysis of Cardano (ADA) on June 10, 2025, reveals a dynamic market with high volatility potential, influenced by broader cryptocurrency market trends. Currently, Cardano is trading around $0.7631, reflecting a 0.38% increase from the previous day. However, signs of a short-term price correction are emerging, prompting traders to reassess their strategies. **Support and Resistance Zones** The key resistance zone for Cardano lies between $0.84 and $0.85. This level has recently acted as a strong price ceiling, repeatedly halting upward momentum. A breakout above this zone could propel Cardano toward $0.90 or even $1.4. On the downside, the primary support zone is between $0.7298 and $0.74, which has served as a solid price floor, preventing further declines. Should this support fail, the next level to watch is around $0.60. **Technical Indicators** The Relative Strength Index (RSI) on the daily timeframe stands at 58.5, indicating relatively balanced conditions but nearing overbought territory. This suggests a potential short-term price correction. The 50-day moving average (MA50) is around $0.75, while the 200-day moving average (MA200) is near $0.68. The price is currently above both moving averages, supporting a mid-term bullish outlook. The MACD shows a weak buy signal, but its lines are converging, which could soon produce a sell signal. **Price Pattern Analysis** On the daily timeframe, Cardano is forming an Inverse Head and Shoulders pattern, typically a sign of a bullish reversal. However, for this pattern to be confirmed, the price must break above the $0.85 resistance. On the 4-hour timeframe, a symmetrical triangle pattern is forming, which often precedes a significant price move. A breakout above the $0.85 resistance is necessary to confirm a bullish trend. A recent decline in trading volume also indicates a slowdown in market momentum. **Market Outlook and Recommendations** Based on current data, Cardano may experience a short-term correction toward $0.7298 to $0.74, which could present a buying opportunity at lower levels. Traders should closely monitor the $0.85 resistance, as a breakout could trigger a strong bullish rally toward $1.4 or higher. Risk management is critical in this volatile market, and setting stop-loss orders is highly recommended. In the mid-term, Cardano retains strong bullish potential, with the possibility of reaching levels like $2, supported by market structure and growing adoption of Cardano’s blockchain in DeFi and smart contract projects. Fundamental factors, such as network upgrades and improved scalability, further bolster this outlook.