#ADA Cardano Price Action and Key Levels:
Support Levels:
Immediate support: $0.7287–$0.74 (key demand zone).
Lower support: $0.60–$0.61, critical for maintaining bullish structure.
If $0.60 breaks, further downside to $0.538 or $0.52 is possible.
Resistance Levels:
Immediate resistance: $0.7828–$0.8279.
Major resistance: $0.85–$0.86; a break above could target $1.00–$1.08.
Long-term resistance: $1.20–$1.25, a psychological and historical barrier.
Technical Indicators
Moving Averages:
ADA is trading above its 20-day ($0.7614), 50-day ($0.7040), 100-day ($0.6982), and 200-day ($0.7000) exponential moving averages, indicating a strong bullish setup.
All major moving averages (MA5 to MA200) signal a Strong Buy with no sell signals.
Relative Strength Index (RSI):
Daily RSI is around 53.65–67%, suggesting bullish momentum but nearing overbought territory. A value above 67% indicates caution for potential pullbacks.
RSI on a 14-day timeframe is neutral, with no extreme overbought (>70) or oversold (<30) conditions.
MACD:
The MACD shows weakening bullish momentum on the daily chart, hinting at possible consolidation or a corrective pullback.
A downward crossover with RSI below 40 would confirm a bearish signal.
Bollinger Bands:
On the 1-day chart, ADA is testing the middle Bollinger Band (~$0.81), indicating indecision. A move above could signal continuation, while a drop below may lead to $0.78.
Chart Patterns
Bullish Engulfing Pattern: Observed on the weekly timeframe as of July 21, 2025, suggesting strong buyer momentum and potential to revisit $3 if the uptrend continues.
Wedge Pattern: ADA recently broke out of a falling wedge, a bullish pattern, with rising volume supporting a rally toward $0.86–$1.08 short-term.
Consolidation: The 4-hour chart shows choppy price action around $0.81, consolidating near support. Increased buying volume could push ADA to retest $0.85.
Trading Volume: 24-hour volume is $1.11 billion, up 26% recently, indicating sustained interest but lower than peak volatility periods.
