Cardano Wave Analysis – 23 June 2025

Cardano: ⬆️ Buy

– Cardano reversed from the support area

– Likely to rise to resistance level 0.6000

Cardano cryptocurrency recently reversed from the support area between the long-term support level 0.515 (which has been reversing the price from November of 2023) and the lower daily Bollinger Band.

The upward reversal from this support area stopped the C-wave of the earlier weekly ABC correction (B) from the start of May.

Given the strength of the support level 0.515 and the oversold daily Stochastic, Cardano cryptocurrency can be expected to rise to the next resistance level 0.6000.

Source: https://fxpro.news