Cardano (ADA) Price Prediction for July 13, 2025: ADA Pulls Back From $0.74 as Bulls Defend $0.68 Support
2025-07-13 10:52:48
Main Idea
Cardano (ADA) price is undergoing a mild correction after reaching a recent peak, with key support levels being tested and potential short-term price movements analyzed.
Key Points
1. Cardano's price is currently near $0.70, down 3.5% in the past 24 hours, following a test of the $0.73–$0.75 resistance band.
2. The 4-hour chart shows ADA retesting the 20 EMA at $0.6804 and the Bollinger Band midline near $0.6739, which are key support levels.
3. Derivatives data indicates a decline in open interest (11.2% to $1.13B) and daily volume (23.65% to $3.6B), reflecting profit-taking and reduced leverage exposure.
4. Short-term outlook suggests bulls may defend the $0.6800–$0.6850 region, with a potential bounce to $0.72 if support holds, or a drop to $0.6679 if it fails.
5. Technical indicators like RSI (32.70), MACD (bearish), and MFI (66.24) provide mixed signals, with some suggesting oversold conditions and others indicating moderate capital inflow.
Description
After a sharp rally that pushed Cardano price to a recent peak of $0.7678, the market is now undergoing a mild correction. As of writing, Cardano price today is hovering near $0.70, down roughly 3.5% in the past 24 hours. The pullback follows a test of the $0.73–$0.75 resistance band, which coincides with a significant supply area and Fibonacci cluster. What’s Happening With Cardano’s Price? ADAUSD price dynamics (Source: TradingView) Cardano’s rally from sub-$0.58 levels accelerated on July 10,...
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