BTC
$105,371.35
–
1.41%
ETH
$2,658.24
+
0.91%
USDT
$1.0001
–
0.04%
XRP
$2.2642
–
0.20%
BNB
$669.34
+
0.15%
SOL
$157.56
–
3.15%
USDC
$0.9995
–
0.02%
DOGE
$0.1937
–
2.29%
TRX
$0.2732
+
0.75%
ADA
$0.6901
–
0.80%
HYPE
$37.01
–
2.41%
SUI
$3.2295
–
3.01%
LINK
$14.21
–
1.14%
AVAX
$21.08
–
1.67%
XLM
$0.2724
–
1.51%
LEO
$8.8703
+
0.65%
BCH
$406.68
–
0.47%
TON
$3.1743
–
0.92%
SHIB
$0.0₄1303
–
2.04%
HBAR
$0.1711
–
2.45%
By CD Analytics, Helene Braun, AI Boost|Edited by Sheldon Reback
Jun 4, 2025, 2:34 p.m.
- ADA experienced a significant 24-hour trading range of 3.99%, forming a V-shaped recovery pattern from $0.676 to reclaim the $0.697 level.
- Strong buying pressure emerged at key support levels, with peak hourly volume of 45.7 million establishing a critical support zone at $0.684.
The cryptocurrency market continues to navigate choppy waters as global economic factors create ripple effects across digital assets.
Cardano’s native cryptocurrency, ADA
, demonstrated resilience, forming a V-shaped recovery pattern after finding strong support at $0.684 with significant buying volume overnight, according to CoinDesk Research’s technical analysis model. This recovery comes amid broader market uncertainty as investors weigh the impact of escalating trade tensions between major economies.
STORY CONTINUES BELOW
ADA is down 0.45% over the past 24 hours at press time, trading at $0.68, while the broader market gauge CoinDesk 20 Index fell 2.1%.
Technical Analysis Highlights
- Price action formed a V-shaped recovery pattern from the low of $0.676 to reclaim the $0.697 level.
- Strong volume support emerged at $0.684, with the highest 24-hour volume of 45.7 million.
- Potential continuation toward the $0.702 resistance level established during early morning hours.
- Clear uptrend with higher lows established during early U.S. morning hours, where volume peaked at 1.17M.
- Substantial volume supported the breakout above $0.697.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
