Could Cardano Double? Chart Patterns Say This

Cardano (ADA) has shown signs of life in the daily chart, but the big question for traders is whether this quiet consolidation near $0.58 can fuel a sustainable move back above $0.70. Let’s break down the chart structure, key indicators, and what Cardano price levels really matter in July 2025.

Cardano Price Prediction: Is ADA Price Building a Base Around $0.58?

The daily Heikin Ashi chart shows ADA price currently trading near $0.579, moving sideways for the last several days. This tight range indicates a clear base-building phase.

After a steep downtrend that started in mid-May, Cardano price found support near $0.50 — bouncing modestly but struggling to break above the $0.60 resistance zone. This range between $0.50 and $0.60 is crucial: if buyers keep defending $0.50, the odds of a short-term rally increase significantly.

What Does RSI Tell Us About ADA Price Momentum?

The Relative Strength Index (RSI) on the daily timeframe sits at 43.7, slightly below the neutral 50 mark. This tells us momentum remains bearish overall, but it’s no longer in oversold territory — suggesting the intense selling may have cooled off.

In June, RSI dropped close to 30, hinting at a potential exhaustion of bears. Since then, the RSI has started to curve back up, showing early signs that buyers are regaining confidence. A sustained break above 50 on the RSI would strengthen the bullish reversal narrative.

Can ADA Price Break Resistance?

Looking at the chart, ADA price faces immediate resistance around $0.58–$0.60. If the bulls can push above this zone with volume, the next target lies at $0.70, which acted as support in April and early May before the breakdown.

Let’s do a simple projection:

• Current support: $0.50
• Current resistance: $0.60

Breakout target = Resistance + (Resistance – Support)

= $0.60 + ($0.60 – $0.50) = $0.70

So, a clean breakout could see Cardano price retesting $0.70 quickly — but failing to hold $0.50 could drag it back down to $0.42 or even the psychological $0.30 level.

Short-Term Cardano Price Prediction for July 2025

Combining the base formation, RSI recovery, and historical support-resistance flips, ADA’s probability of an upward push looks moderate. As long as $0.50 holds firm, swing traders may eye a 20% move from current levels:

$0.58 * 1.20 = $0.70

However, if Cardano price closes below $0.50 on the daily, expect renewed selling that could retest deeper levels — potentially the $0.40–$0.30 demand zone, which aligns with historical accumulation pockets visible on the chart.

Should Traders Be Bullish on Cardano Price Now?

ADA price is showing early signs of a possible reversal but remains trapped under tough resistance. Traders should watch for a daily close above $0.60, combined with RSI climbing toward 50–55, to confirm that bulls have reclaimed momentum.

Until then, this sideways action is more about accumulation than breakout. Keep stops tight under $0.50 to manage risk and watch how Bitcoin behaves — as broader market sentiment could make or break ADA’s next leg.

A move to $0.70 is technically possible this month, but only if Cardano price flips $0.60 into support. Otherwise, caution is still warranted in this uncertain zone.

Looking to Buy ADA? Try OKX

OKX is a top choice to buy ADA. With low trading fees, extensive token listings, and an intuitive interface, it’s a preferred platform for many crypto traders across Europe.

Special Promotion – Limited Time

Until September 14, 2025, OKX is hosting an exclusive McLaren F1 Team giveaway:

--> Receive a complimentary McLaren F1 Team cap<--

Enter to win a VIP trackside experience in Zandvoort (Aug 29–31)

This offer is open to all new European users who haven’t yet traded on OKX. Don’t wait – claim your reward today!

$ADA, $Cardano, $ADAPrice, $CardanoPrice