Cardano Technical Analysis: July 12, 2025

Technical analysis of Cardano on July 12, 2025, exploring support/resistance levels and indicators.

The technical analysis of Cardano (ADA) on July 12, 2025, indicates a market with short-term bullish potential but a likelihood of retracement to support levels. Based on market data, Cardano’s current price is approximately $0.7380, reflecting a 1.33% decline over the past 24 hours. This price is near a key resistance zone around $0.86, which has repeatedly blocked further upward movement. On the 4-hour timeframe, Cardano displays an ascending triangle pattern, typically a bullish continuation pattern, suggesting buying pressure beneath the resistance level. However, a supply zone around $0.86 could trigger a liquidity grab and lead to a temporary pullback. The Relative Strength Index (RSI) is currently at 48, indicating a neutral state and not yet in overbought (above 70) or oversold (below 30) territory. This suggests the market is currently in a consolidation phase. Key support levels are located between $0.575 and $0.582, which could act as a price floor during a correction. This zone aligns with a demand zone, making it an attractive entry point for buyers. If Cardano breaks the $0.86 resistance with strong trading volume, the next target could be $1, aligning with the 1.618 Fibonacci level. The MACD indicator shows a neutral signal, with the MACD line close to the signal line. Trading volume has also been relatively low in recent days, which may indicate a lack of strong buying or selling pressure. Traders should pay attention to Cardano-related news, such as network upgrades or increased adoption in the DeFi ecosystem, as these can impact price. From a price pattern perspective, a double bottom pattern is observed on the daily timeframe, which could signal a long-term bullish trend. However, traders should wait for confirmation of a breakout from the ascending triangle pattern in shorter timeframes to avoid potential price traps. Risk management using stop-loss orders below key support levels, such as $0.575, is highly recommended. Overall, Cardano appears to have short-term bullish potential, but traders should prepare for a possible pullback to $0.575. Continuous monitoring of indicators and price levels will aid in better decision-making.