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?
Cardano’s rally from sub-$0.58 levels accelerated on July 10, forming a steep vertical leg that pierced multiple resistance zones. However, the move stalled just below the PF1.1R Fibonacci extension at $0.7367, where price sharply rejected and began consolidating lower.
On the 4-hour chart, ADA is now retesting the 20 EMA at $0.6804 and the Bollinger Band midline near $0.6739. This zone has emerged as a near-term demand area. The Supertrend indicator remains bullish with a trend flip near $0.6858, reinforcing the current support.
Price action on the daily timeframe shows a clear Break of Structure (BOS) above prior highs, validati…
The post Cardano (ADA) Price Prediction for July 13, 2025: ADA Pulls Back From $0.74 as Bulls Defend $0.68 Support appeared first on Coin Edition.
