Cardano Price Soars 7% as Trump Says He Negotiated Israel-Iran Truce

Cardano (ADA) , one of the leading smart contract platforms, has been under intense selling pressure over the past few weeks, dragging its price close to the psychological support of $0.50. However, in a surprising twist, ADA bounced back sharply on June 24, 2025, posting a nearly 5% gain in a single day. This sudden spike has caught the attention of traders and long-term investors alike, raising the question: is Cardano finally bottoming out , or is this just a temporary relief rally? In this article, we dive deep into the daily chart patterns, key support and resistance levels, RSI momentum, and near-term price projections to assess whether ADA price is gearing up for a stronger recovery.

Cardano Price Prediction: What’s Driving Cardano’s Latest Bounce?

ADA/USD 1 Day Chart- TradingView

Cardano’s recent price surge appears to be driven more by geopolitical headlines than by technical factors alone. A fragile sense of calm returned to global markets after U.S. President Donald Trump announced via Truth Social that he had brokered a ceasefire between Israel and Iran , effectively ending the 12-day conflict. 

This unexpected diplomatic breakthrough sparked a sharp rally across major cryptocurrencies, including Cardano price , as investor sentiment turned risk-on. ADA’s nearly 7% jump on June 24 reflects a broader relief rally across digital assets, as traders moved back into volatile markets amid hopes of de-escalation in the Middle East. 

While this bounce is fundamentally news-driven, it also aligns with ADA's technical rebound from key support levels, creating a short-term bullish setup. However, unless this geopolitical calm sustains and is supported by volume, the move could remain limited in scope.

After a prolonged downtrend, Cardano (ADA) price has shown its first signs of life—bouncing nearly 7% to $0.58613 on June 24, 2025. The daily chart reveals a bullish Heikin Ashi candle with increasing body size, indicating growing buyer momentum. This recovery comes after ADA touched a critical support zone near $0.50, a level previously tested in March. But the question remains—is this a dead cat bounce or the beginning of a new rally?

Are Technical Indicators Flashing Bullish?

Relative Strength Index (RSI) on the daily chart is currently at 37.01, climbing from an oversold region (sub-30 zone) earlier this week. This uptick signals that bearish exhaustion may have occurred, and a potential bullish reversal is brewing. The RSI is also beginning to diverge upward from its moving average (yellow line), which adds to the reversal narrative.

Heikin Ashi candles show a potential trend reversal with two consecutive green candles and no lower shadows—a classic short-term bullish signal.

What Are the Key Support and Resistance Levels?

Cardano price is now hovering just below the pivot resistance level at $0.59047, which is acting as immediate resistance. A confirmed breakout above this level could open the path toward the next Fibonacci retracement target at $0.63.

Here's a quick breakdown of levels:

• Immediate Resistance: $0.59047 (Pivot S1)
• Next Target: $0.63 (Fibonacci 0.382 level)
• Strong Resistance Zone: $0.70 (April breakdown point)
• Support: $0.50 (Previous bounce zone)
• Major Breakdown Support: $0.42

Calculation:
If ADA price breaks above $0.59047 and moves to $0.63, that’s
7.5% upside from current levels.

Could This Be a Bull Trap or Breakout?

While the RSI is recovering and candles are turning green, we must consider the larger context. ADA remains below the 50-day EMA (not shown here), which generally confirms that broader market sentiment is still bearish. A breakout above $0.63–$0.65 would flip the structure bullish on a higher time frame.

Until then, we’re in rebound territory—but not a confirmed trend reversal.

What’s the Cardano Price Prediction? Will ADA Keep Rising?

The current 4.65% daily jump in ADA is significant—but it’s not enough to call this a full-blown trend reversal yet. The RSI recovery, Heikin Ashi flip, and bounce from strong support at $0.50 suggest a short-term rally to $0.63–$0.65 is possible if volume continues.

However, unless ADA reclaims $0.70 and holds above it, the larger bear structure remains in play. Traders should watch for confirmation via volume and a decisive close above $0.60.
Cardano is showing early signs of strength, but it needs to break and sustain above $0.60 and $0.63 to escape the downtrend. If successful, the next stop could be $0.70+. If rejected, a retest of $0.50 or even $0.42 isn’t off the table.

How to Buy Cardano (ADA) on Bitget?

Getting started with Cardano (ADA) on Bitget is simple and straightforward. Just follow these easy steps:

Create a Bitget Account
Sign up through this referral link to claim your welcome bonus:
https://partner.bitget.com/bg/cryptoticker

Verify Your Identity (KYC)
Complete the Know Your Customer (KYC) process by submitting valid ID documents. This ensures account security and unlocks full platform features.

Add Funds to Your Wallet
Deposit funds using a debit/credit card, bank transfer, or cryptocurrency. Bitget supports multiple convenient payment options.

Go to the Trading Dashboard
Open the trading interface and search for the ADA/USDT pair. You can also type “Cardano” or “ADA” in the search bar.

Buy Cardano (ADA)
Choose how much ADA you want to buy, confirm the details, and complete your purchase. Your ADA will be instantly credited to your Bitget wallet.

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