Author: @aljif7
Platform: Hive
Date: Tuesday, 3 June, 2025
Category: Finance-Cryptocurrency
In this post, I will take a look at the ADA chart. In my opinion, it looks like it will stay around the 70 cents level for some time before deciding to make a move.
Although there is consistency in volume, there is no signal of an increase. The EMAs are currently inverted; my guess is that it will maintain this level throughout June. Perhaps we could see it reach 80 cents, but I find it difficult to believe it will break past that level.
Of course, remember this is not financial advice. I have been following ADA for years, and it was fruitful for me during the last halving cycle. Now, I am just trying to accumulate small amounts. Perhaps by October-November, it will decide to move, but who knows?
On the other hand, we have some news related to ADA that is not particularly convincing for any near-term movement. However, it's a good idea to keep an eye on how June unfolds for ADA.
Despite the ongoing $600 million ADA controversy and serious allegations against Charles Hoskinson, it is notable that Cardano investment products are still seeing consistent inflows, signaling that institutional interest remains resilient, at least for now. The recent $0.1 million inflow may be modest, but when paired with over $73 million in inflows so far this year, it suggests that some investors are either confident in the project's fundamentals or are willing to look past the drama at the top. That said, transparency remains a key issue, and the planned treasury audit by the Cardano Foundation will be a critical test of accountability and trustworthiness moving forward.
That’s all for now, my friends!
Thank you for your support!
Don’t forget: Engage, comment, interact, and we all grow together!
Enter the WEB3 Universe-InLeo: Sign Up
Learn about BTC in Spanish: Cursos-videos relacionados con BTC y Criptomonedas
Connect with me:
Twitter: X
Facebook: Profile
Instagram: Profile
Academia de IA: AI Academy