Cardano (ADA) Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of Cardano on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, Cardano (ADA) is trading at approximately $0.5892, in a short-term consolidation phase with long-term bullish signs visible. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $0.606 in early 2025, Cardano entered a consolidation phase, fluctuating between $0.555 and $0.605. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buyer interest. However, resistance at $0.595–$0.605, aligning with the 200-day moving average, has capped further upside. Resistance and Support Zones The key resistance zone is around $0.595–$0.605, which has rejected the price multiple times. A high-volume breakout (over 25% above the 20-day average) could target $0.64, consistent with previous highs. On the support side, $0.575 has acted as a strong demand zone, with $0.555 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 48, indicating a neutral state. This suggests the market is balanced, with room for upward or downward movement. The MACD shows declining bullish momentum but has not yet turned negative. Recent declining trading volume indicates trader caution. The 50-day moving average at around $0.585 acts as a key dynamic level. Price Pattern Analysis Cardano’s daily chart shows an ascending triangle, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, Cardano may be in the fourth corrective wave, preparing for a fifth bullish wave. A double bottom pattern is also forming on the weekly timeframe, signaling long-term bullish potential. Risks and Scenarios Bullish Scenario: If Cardano holds the $0.575 support and breaks the $0.605 resistance, it could target $0.64 and potentially $0.75 by the end of summer 2025. Bearish Scenario: A break below $0.575 could lead to a drop to $0.555 or even $0.535, signaling a deeper correction. Conclusion Cardano is currently in a short-term consolidation phase but shows long-term bullish potential. Traders should monitor volume and price action at the key $0.605 and $0.575 levels. Breaking the $0.605 resistance could spark a new bullish wave, while holding the $0.575 support is crucial for the bullish outlook.