Cardano has surpassed 110 million total transactions, indicating ongoing network growth. However, $ADA price remains under pressure, with technical indicators suggesting potential further declines.


Despite increased trading volume and open interest, $ADA is trading below key moving averages, and momentum indicators point to continued bearish trends. The Relative Strength Index (RSI) stands at 38, indicating bearish momentum without reaching oversold conditions.


A drop below the $0.67 support level could lead to further declines, while a rebound above $0.72 might signal a short-term reversal.

#SilkRoad

#Ethereum

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June 02, 2025 at 9:04 AM
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