On June 3, 2025, Cardano (ADA/USD) on the 1-hour chart formed an inverse head and shoulders pattern. This pattern often signals a potential bullish reversal, where the price makes three consecutive lows—head being the lowest—followed by a breakout above the neckline.
In this case, ADA already broke above the neckline, confirming the pattern. The price currently trades at $0.6941 and has moved above the 50-period Exponential Moving Average (EMA), which stands at $0.6836. This breakout suggests a shift in momentum from sellers to buyers.
If the trend continues, the projected target sits around $0.7252. That marks a 5% increase from the current level. Volume has also picked up during the breakout, adding further support to the bullish case.
Cardano RSI Breaks Above Key Signal Line, Shows Fresh Momentum
On June 3, 2025, the Relative Strength Index (RSI) chart for Cardano to U.S. Dollar (ADA/USD) moved above its signal level. The RSI (14-day close) reached 51.14, while the RSI-based moving average stood at 41.70. The RSI shows how strong the price moves are by comparing recent gains and losses over a 14-period timeframe.
This upward move above the signal line means that buyers are slowly gaining control. Earlier, in late May, RSI dropped close to 30, which often signals that the token is oversold. That period showed weak buying interest.
Now, with RSI pushing above 50, price strength is returning. At the same time, the yellow moving average line is still lower, sitting around 41.70. Since RSI is now trending above it, the change in direction confirms growing bullish momentum.
If this trend continues, ADA may stay strong in the short term. However, the RSI has not yet reached 70, which is the overbought zone. So there is still room for the price to climb further before hitting strong resistance.
Cardano DMI Signals Weak Trend Strength as Bulls and Bears Stay Close
On June 3, 2025, the Directional Movement Index (DMI) chart for Cardano to U.S. Dollar Tether (ADA/USDT) showed the following values: the +DI (Positive Directional Indicator) was 17.7891, the -DI (Negative Directional Indicator) was 19.8710, and the ADX (Average Directional Index) was 18.3944.
The DMI helps track the direction and strength of a trend. The +DI line shows buying pressure, while the -DI line shows selling pressure. The ADX measures how strong the trend is, no matter which direction it moves.
Right now, the -DI is slightly higher than the +DI, meaning sellers are still stronger than buyers. At the same time, the ADX sits below 20. This tells us that the trend is weak, and no clear direction is dominating the market.
If the +DI rises above the -DI and ADX also climbs above 20, that could confirm a new upward trend. But for now, the chart shows indecision and low momentum.
Cardano BBTrend Shows Ongoing Bullish Momentum With Slower Strength
On June 3, 2025, the Bollinger Band Trend (BBTrend) indicator for Cardano to U.S. Dollar Tether (ADA/USDT) gave a positive value of 5.9322. The BBTrend uses Bollinger Bands over three timeframes—short (20), mid (50), and long (2)—to measure market momentum direction and strength.
The bars turned green in early May and have stayed green since then, which means the trend moved from bearish to bullish. At the same time, the green bars have started shrinking in size. This shows that although the trend is still upward, the buying momentum is starting to slow down.
Earlier, the chart showed long red bars between March and April, when sellers controlled the market. That stretch confirmed strong bearish pressure. But now, with green bars above the zero line and a current value above 5, the trend remains bullish even if it’s losing force.
If the green bars continue to shrink, it may mean the uptrend is weakening. But as long as the bars stay above zero, the overall structure still supports buyers.
Cardano SMI Signals Possible Reversal From Deep Oversold Zone
On June 3, 2025, the Stochastic Momentum Index (SMI) for Cardano to U.S. Dollar Tether (ADA/USDT) showed values of -55.1163 for the main line and -59.6169 for the signal line. The SMI is a refined version of the stochastic oscillator. It shows where the closing price sits compared to the center of the price range, not the high-low range.
Right now, both lines are in the oversold zone, far below zero. This suggests strong selling pressure in recent sessions. However, the main line has just started turning upward, and it’s closing the gap with the signal line. If it crosses above, that would be an early sign of a reversal.
Earlier this year, similar dips below -50 were followed by strong upward swings. If this pattern repeats, ADA may start gaining momentum again. But confirmation will come only when the blue line crosses the orange line and both move toward the neutral zone.
Japanese Traders Push ADA/JPY Volume to Global Highs as Cardano Demand Rises
As Bitcoin climbs, altcoins are gaining momentum. Cardano (ADA), currently the ninth-largest cryptocurrency by market capitalization, has seen a sharp rise in demand—especially from Japan. Over the past week, ADA’s trading volume surged across Japanese exchanges, with the ADA/JPY pair recording the second-highest volume globally in the last 48 hours.
This spike signals strong interest from Japanese traders and investors. It also comes at a time when the global market anticipates the next altcoin season.
According to Taptools, a Cardano-focused trading and analytics platform, this volume growth reflects deeper structural changes in Japan’s crypto landscape. The country appears more prepared than ever for major altcoin activity, with established infrastructure and supportive regulations already in place.
“Volume doesn’t spike in isolation. It follows infrastructure, regulation, and readiness. Japan’s appetite for ADA is rising—because the rails are already in place. Liquidity always finds maturity. Cardano’s built for it,”
Meanwhile, demand is not limited to Japan. Taptools also noted that more than 24,000 new ADA wallets were created in May. This indicates both new entrants joining the network and existing holders increasing their positions.
