Cardano (ADA) Price Prediction for July 21, 2025: ADA Reclaims $0.85 as Bulls Confront Key Resistance
2025-07-20 18:51:25
Main Idea
Cardano (ADA) is trading around $0.857, testing a key resistance at $0.88, with technical indicators suggesting potential for further bullish movement or a pullback.
Key Points
1. Cardano's price has risen from $0.60 in early July to $0.857, retesting a key resistance at $0.88.
2. Technical analysis shows a Break of Structure (BOS) above $0.83 and a breakout from a descending channel, indicating a potential reversal from a macro downtrend.
3. Bullish indicators include upward-trending EMAs, positive MACD, and RSI at 65.22 (not overbought).
4. A breakout above $0.88 could push ADA toward $0.93–$0.95, while rejection may lead to a pullback to $0.81 or $0.78.
5. Open interest in ADA derivatives has increased by 2.98% to $1.6B, with a bullish long/short ratio on Binance.
Description
The Cardano price today is trading around $0.857 after a strong upside move that lifted the asset from $0.60 lows in early July. ADA is now retesting a key resistance area around $0.88, marked by prior liquidity and labeled as a weak high. With structure reclaim and rising momentum, traders are watching for a breakout or rejection as volatility builds. What’s Happening With Cardano’s Price? ADAUSD price dynamics (Source: TradingView) On the daily chart, ADA has completed a clean Break of Structu...
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