Cardano Price May Bounce Up at $0.52 Zone

Bullish trend may commence

ADA Price Analysis –01 July

 Cardano may attempt testing the resistance potential of $0.69 and $0.74 if they are able to keep the price above the $0.61 hedge. If the $0.52 hedge is translated, the support options of $0.51 and $0.50 will be taken into account.

Key Levels:

Resistance levels: $0.61, $0.69, $0.74

Support levels: $0.52, $0.51, $0.50

ADA/USD Long-term Trend: Bearish

The daily time period for Cardano shows a downward trend. On May 23, the chart showed a double top configuration close to the $0.81 resistance level. Prior to finding support near the anticipated $0.61 level, the price attempted to breach the first hedging position that was established. But the coin overcomes the first expected barrier. The daily map showed a bearish candle pattern. Bearish wicks were found when the $0.61 hedging position was analyzed. Since June, there has been a negative effort. The price broke the $0.61 hedging position and is now attempting to reach the $0.52 position.

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The Cardano request seems to be firmly in the bears’ grasp. Since Cardano is currently going more quickly below the Hull Suite forex signals indicator, sellers are getting what they want. Cardano may attempt testing the resistance potential of $0.69 and $0.74 if they are able to keep the price above the $0.61 hedge. If the $0.52 hedge is translated, the support options of $0.51 and $0.50 will be taken into account.

ADA/USD Medium-term Trend: Bearish

Cardano’s 4-hour chart indicates a tendency toward decline. In recent weeks, there have been two unsuccessful attempts to break through the resistance level at $0.81 on the 4-hour time frame. The ADA’s value fell to about $0.0.61 as copping instigation rose and more bears than bulls submitted petitions. As the currency got closer to the target level, a bearish engulfing candle formed, which shows sellers are holding onto their position. The price is tested at $0.52 after declining.

.52 Zone" width="1281" height="546" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/07/4-hours.png"/> The QQE MOD index, a reliable source of forex indicators, is below the zero line and indicating a bearish signal, in contrast to Cardano, which is currently trading below the Hull Suite Crypto points.

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