Japan Drives Cardano Trading Surge as Price Battles $0.70 Resistance

From Yahoo Finance: 2025-06-02 15:16:00

Geopolitical tensions and regulatory uncertainty impact Cardano ADA’s price, ranging between $0.664 and $0.690. Despite 110 million transactions, ADA faces downward pressure due to market concerns about inflation and monetary policies.

ADA-USD shows a 3.85% trading range of 0.026, consolidating between $0.664 and $0.690. Resistance at $0.690 with high-volume rejection at 01:00. Strong support at $0.665 with buying pressure at 10:00 and 12:00.

4-hour moving average hints at a slight bearish trend, testing mid-range levels around $0.672. Resistance zone at $0.676 with peak volume at 13:36-13:40. Pullback to $0.668 at 14:00 establishes new support, with buying pressure pushing prices above $0.671.

Read more: Japan Drives Cardano Trading Surge as Price Battles $0.70 Resistance