Cardano (ADA) Price to $0.65? Here Are The Big Hurdles To Cross

Cardano price is in the spotlight as the tenth-largest cryptocurrency by market capitalization, and was valued at $0.58.

Cardano has faced persistent price declines over the past few weeks, failing to climb above $0.5.

The ADA price has recently reached a major bottom, and now faces major hurdles ahead. If ADA crosses these hurdles, the price could climb toward $0.65.

Current Cardano Price Outlook and Bottom Flip-Over

Crypto analyst InvestingHaven on X stated that the ADA price has reached a significant bottom.

He posted a TradingView chart that showed $0.5 as a key support level. Cardano price has consistently retested this long-term support with a triple bottom formation.

This pattern signals strong demand at the support level and suggests that sellers are losing momentum. Such a pattern usually leads to a potential price reversal or breakout to the upside.

The triple bottom formation also implies that buyers are committed to defending the $0.5 support. This setup could mean that the Cardano price downtrend is losing momentum.

InvestingHaven emphasized that the ADA price action remains constructive as long as its multi-week trendline holds firm.

According to the analyst, breaking above the $0.81 retracement is crucial for ADA to flip to a whole new local high. He added that this move could set the stage for a bullish 2025.

Amid the latest price shift, the price of Cardano dropped 3.5% over the past 24 hours, delaying the falling channel breakout.

Total ADA Supply in Profit Soars to Over $18B

Meanwhile, Santiment data revealed the Cardano supply in profit soared to 18.23 billion ADA on Friday, June 4, 2025.

The value marks a substantial increase from the 15.89 billion ADA recorded at the start of the week.

This means the total ADA supply in profit has increased by 2.34 billion so far in July. It aligns with the 4.8% weekly recovery and could increase the buying pressure.

The supply in profit represents the tokens last moved or acquired at a price lower than the market price.

A rise in total supply often occurs when the price of a token increases, resulting in a profit.

This implies more holders are in a profitable position and can reflect growing bullish sentiments among traders.

However, some holders might take profits if the ADA price rises significantly. Such a scenario poses a risk of increased selling pressure for Cardano.

Is ADA Price to $0.65 Feasible in the Short Term?

As of this writing, ADA price was trading at $0.58, with a market capitalization of $20.6 billion. Cardano market activity has decreased, as indicated by the trading volume.

Over the last 24 hours, the trading volume decreased by 42.3% to $638 million. The ADA technical analysis revealed mixed signals.

The Moving Average Convergence/Divergence (MACD) indicator rallied from the zero line towards the green bars. This move suggested the momentum is shifting bullish.

However, the MACD and signal line remain deep in the negative zone. This implies room for growth before turning into a flashing trend reversal signal.

Meanwhile, the Relative Strength Index (RSI) sat at 47, reflecting a struggle to regain bullish momentum.

On the downside, ADA price could decline toward $0.5419 if it marks a daily close below Thursday’s opening price of $0.5840. However, the uptrend could target $0.65 if ADA holds a bullish close to the day.

Despite the latest Cardano price consolidation, July appears favorable for the coin, based on historical trends. Input Output Global also recently unveiled new updates on Cardano.

The blockchain introduced a new property-based testing tool designed to help developers find hidden flaws.

The post Cardano (ADA) Price to $0.65? Here Are The Big Hurdles To Cross appeared first on The Coin Republic.