Cardano (ADA) Price Prediction for 2nd June: Bearish Breakdown Deepens as ADA Slips Below Key Fib Support

After staging a modest recovery from May’s closing lows, Cardano price today is back under bearish scrutiny as sellers reassert dominance below key trendline resistances. At the time of writing, Cardano price trades near $0.6610, having shed over 3% in the past 24 hours. This renewed weakness positions ADA at the edge of a critical support region, raising concerns about further downside momentum heading into early June. What’s Happening With Cardano’s Price? ADAUSD price dynamics (Source: TradingView) ADA’s recent performance reflects a broader risk-off sentiment across the altcoin space. On the 30-minute chart, Cardano price action has broken below a short-term ascending support line, invalidating the recent bullish pennant pattern. A failed retest of the $0.6785 zone has triggered an impulsive breakdown, putting pressure on the $0.6600 support floor. The 4-hour chart shows this move in context of a larger descending channel. Multiple attempts to reclaim the $0.6950–$0.7050 resistance zone have been rejected. As a result, Cardano price update reflects a persistent bearish trend that has extended from May 22 onwards, now nearing the lower boundary of t… The post Cardano (ADA) Price Prediction for 2nd June: Bearish Breakdown Deepens as ADA Slips Below Key Fib Support appeared first on Coin Edition .

Source: Coin Edition