Cardano (ADA) Price Prediction for June 7
WikiBit 2025-06-07 22:27
The market has slightly switched to green today, according to CoinMarketCap. Top coins by CoinMarketCapADA/USDThe rate of Cardano (ADA) has gone up by
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Cardano (ADA) Price Prediction for June 7
The market has slightly switched to green today, according to CoinMarketCap.
Top coins by CoinMarketCapADA/USD
The rate of Cardano (ADA) has gone up by 1.42% over the last day.
Image by TradingView
On the hourly chart, the price of ADA is testing the local resistance of $0.6705.
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If buyers can hold the gained initiative and the candle closes around that mark, there is a chance of a breakout, followed by a move to the $0.6750 mark.
Image by TradingView
On the bigger time frame, the rate of ADA is in the middle of the channel. Even if todays bar closes bullish, buyers might need more time to accumulate energy for a further move.
Image by TradingView
From the midterm point of view, the weekly bar is about to close with a long wick. If that happens, traders may witness a local bounce back to the $0.70 zone.
ADA is trading at $0.6685 at press time.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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