Cardano (ADA) Price Prediction for June 11: Key Support at $0.67 Holds as ADA Eyes Retest of $0.71

After bouncing from the $0.66–$0.67 support band last week, the Cardano price today is hovering near $0.690, marking a modest 2.9% weekly gain. The bounce came after ADA touched the 0.618 Fibonacci retracement level ($0.6769), a critical zone that has acted as a pivot for price structure since April. The latest Cardano price action suggests bullish intent, but short-term indicators show signs of exhaustion just beneath $0.715.

What’s Happening With Cardano’s Price?

ADAUSD price dynamics (Source: TradingView)

Cardano price rallied aggressively on June 9, breaking above the $0.678 resistance zone and briefly tapping $0.715. This move occurred after a breakout from the descending triangle pattern visible on both the daily and 4-hour timeframes. However, price has since pulled back slightly, struggling to hold above the 100 EMA at $0.695 and now consolidating around the Bollinger Band midline.

ADAUSD price dynamics (Source: TradingView)

The 30-minute Ichimoku chart confirms that ADA is holding above the cloud, which has now turned into short-term support near $0.688. The Tenkan-Sen and Kijun-Sen remain bullishly crossed, although they are beginning to flatten, indicating a potential loss in upward momentum.

The Stoch RSI on the 30-minute chart is deep in oversold territory (0.22/1.99), hinting that price may stabilize or bounce in the near term — provided key intraday supports hold.

Why is Cardano Price Going Down Today?

ADAUSD price dynamics (Source: TradingView)

The reason why Cardano price going down today stems from overextension and resistance rejection after a strong breakout. Price met heavy supply near $0.715, which overlaps with prior consolidation from late May and aligns with Bollinger Band resistance on the 4-hour chart. This rejection was followed by a mild RSI rollover — the current 30-minute RSI reads 39.52, showing loss of momentum after peaking near 65.

MACD on the same timeframe has turned negative, with the histogram moving deeper into bearish territory, indicating waning bullish pressure. Meanwhile, the 4-hour EMA100 ($0.695) and EMA200 ($0.709) continue to cap upside moves. ADA must reclaim this cluster to regain short-term control.

Despite this, Cardano price volatility has not yet spiked dramatically. Bollinger Bands remain wide, leaving room for a directional move once consolidation resolves. With the price now testing the lower high setup, traders are watching for either a bullish continuation or deeper retracement toward $0.667.

Cardano Price Update: Holding Fibonacci Support Is Crucial

ADAUSD price dynamics (Source: TradingView)

The weekly chart presents a broader context. ADA continues to trade around the 0.618 Fibonacci retracement level ($0.6769), which has consistently served as a mid-cycle support. A sustained close above this level could fuel another rally attempt toward $0.8008 (Fib 0.5), especially if overall market sentiment remains supportive.

ADAUSD price dynamics (Source: TradingView)

From a short-term perspective, the immediate support lies at $0.667, followed by a structural base near $0.650. A break below $0.667 would weaken the bullish structure and potentially drag ADA back toward the lower trendline zone seen in early June.

Still, the fact that Cardano price broke out of its downtrend channel and held above key EMAs suggests buyers remain active — but volume confirmation will be key in the next move.

Short-Term Outlook: Can ADA Reclaim $0.715?

ADAUSD price dynamics (Source: TradingView)

If bulls regain strength and push Cardano price above $0.702–$0.709, the next major test lies at $0.715. A successful close above this range would open the door to $0.740 and even $0.80 in the short term. However, continued rejection near this band may lead to further consolidation or a drop toward $0.667.

Traders should closely watch the RSI’s reaction around 40 and whether Stoch RSI reverses from oversold. With MACD still bearish, confirmation through increased buying volume is critical before initiating new long positions.

Overall, Cardano price update suggests a technical pivot is underway — the next 24 hours could define whether ADA holds its breakout or returns to deeper support.

ADA Forecast Table: June 11