As of July 7, 2025, Cardano (ADA) is showing signs of a potential recovery after a significant price decline. The cryptocurrency is trading at $0.586147, marking a 1.88% increase from the previous close. This follows a period of volatility where ADA fell over 50% from above $1 in March to approximately $0.586.
Technical indicators suggest a bullish divergence, which could signal waning selling pressure and rising buying interest. Key resistance levels to watch are $0.67 and $0.70, with support at $0.57. A drop below $0.53 would invalidate the bullish outlook.
Price predictions for July 2025 vary, with some analysts estimating ADA could reach between $0.53 and $0.61, averaging around $0.57. Others are more optimistic, projecting a potential rise to $3 by July 31, 2025. Investors should monitor these levels and broader market trends.