Cardano Technical Analysis: Market Outlook on June 12, 2025

Technical analysis of Cardano on June 12, 2025, exploring resistance, support, and indicators.

On June 12, 2025, Cardano (ADA) is trading around $0.7631, reflecting a 0.38% increase over the past 24 hours. This technical analysis uses market data and common indicators to provide insights into Cardano’s potential trajectory. **Resistance and Support Levels Analysis** Cardano is currently near a critical resistance zone between $0.80 and $0.84. This range has acted as a strong barrier in the daily timeframe, rejecting price multiple times. A breakout above this resistance could pave the way for a rally toward $1.40. Conversely, key support levels are at $0.68 and $0.60. Increased selling pressure could drive the price back to these zones, which have historically served as strong demand areas. **Technical Indicators** The Relative Strength Index (RSI) stands at 45, indicating a neutral market condition with a lean toward oversold territory. This level suggests a potential loss of bullish momentum. The MACD, with a value of -0.012, shows a weak bearish trend but has not yet provided a strong signal for continued downward movement. The 50-day Moving Average (MA50) acts as dynamic support around $0.73, while the 200-day Moving Average (MA200) is near $0.65. **Price Patterns** In the 4-hour timeframe, Cardano is moving within a Symmetrical Triangle pattern and has recently approached the upper boundary. This price action suggests a potential rejection from the current resistance. However, some analysts point to an Inverse Head and Shoulders pattern, which, if confirmed, could lead to a bullish breakout. Conversely, a Double Top pattern at $0.84 is also possible, which, if confirmed, could result in a decline toward $0.55. **Market Outlook** In the short term, Cardano may experience a price correction toward $0.60 or lower due to selling pressure at the current resistance. However, in the long term, fundamental factors such as Cardano’s ongoing network development and growing adoption in blockchain projects could support a bullish trend. A breakout above $0.84 could drive Cardano toward $1.40 or higher. **Conclusion** The technical analysis of Cardano on June 12, 2025, highlights a market at a pivotal moment. Traders should closely monitor key resistance and support levels and use indicators to confirm entry and exit signals. Risk management is crucial in this volatile market.