Over the past week, the value of #Cardano (ADA) has decreased by 10%, including due to the classification of altcoin in U.S. SEC lawsuits against Binance and Coinbase as securities.
In this regard, machine learning algorithms on the #PricePredictions platform were used to determine the Cardano trajectory by the end of the month. It is estimated that as of June 30, 2023, the price of ADA should be $0.307.
This figure means a decrease of 6% relative to the current Cardano #price .
On the evening of June 8, Cardano traded at a price of $0.3225 with a daily drop of 0.4% and 10% losses for the previous seven days.
Presumably, #ADA found support of about $0.30234, which ensured stability in the context of the recent recession. The resistance level was formed at about $0.34771, which is the price point where ADA faces pressure from sellers.
Cardano's market capitalization on June 8 was estimated at $11.4 billion, and the total blocked value (TVL) exceeded 500 million ADA.
This achievement is evidence of the development of the decentralized finance (#DeFi ) ecosystem in the Cardano network, where there is a significant surge in activity, despite the bear market.
