Cardano is currently trading within a narrow range, reflecting a period of low volatility and market indecision. The price appears stable for now, with neither bullish nor bearish momentum taking control. This consolidation phase suggests that participants are waiting for clearer cues before committing to a direction. While the broader trend remains uncertain, the current setup may be laying the groundwork for a more decisive move. Until then, the ADA price is believed to remain consolidated below the newly formed threshold.
The token has displayed a renewed on-chain strength via whale accumulation and spot demand, with a stable base just below $0.6. Recently, whales have withdrawn nearly $2.33 million worth of ADA from exchanges in the first few days of the month, hinting towards a long-term accumulation by large holders and reduced selling pressure. On the other hand, the Cumulative Volume Delta (CVD) data indicates growing buy-side dominance in the spot market, which signals that the bullish momentum is strengthening.
What’s next? Will ADA Price Reach $1 in July?
The ADA price seems to be stuck within a descending parallel channel and is juggling around the average zone. It has risen above the levels and is waiting for the momentum required to rise above the pivotal resistance zone between $0.602 and $0.611. The Bollinger bands have squeezed, hinting towards a massive drop in volatility and low consolidation. This is a signal that the price is heading towards a significant price move, wherein a breakout could be imminent. Interestingly, the RSI also appears to be undergoing a parabolic recovery curve, which suggests the strength of the rally is coiling up.
Once the Cardano price breaks out of the consolidation, the Bollinger Band strategy suggests not only a rise above $0.62 but also a test of the upper resistance at $0.71 could be imminent. Therefore, it would be interesting to watch how the trade unfolds for the ADA price rally during the second half of 2025, as sustaining above $0.8 is crucial to reach $1.
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