Cardano (ADA) Price Prediction for July 19

Key Points

1. Cardano price is currently around $0.87, having broken above a descending trendline and showing bullish momentum.

2. Technical indicators like the Chande Momentum Oscillator (98.52) and alignment above all exponential moving averages (EMAs) confirm bullish control.

3. ADA's open interest surged 31% in 24 hours to $1.66 billion, with trading volume doubling to $5.77 billion, indicating strong market interest.

4. Key resistance levels to watch are $0.9265 and $1.0799 (Fibonacci retracement zones), with support at $0.82–$0.84.

5. The short-term outlook remains bullish, with potential targets at $0.90, $0.9473, and $1.08 if momentum continues.