The Cardano price today is trading around $0.857 after a strong upside move that lifted the asset from $0.60 lows in early July. ADA is now retesting a key resistance area around $0.88, marked by prior liquidity and labeled as a weak high. With structure reclaim and rising momentum, traders are watching for a breakout or rejection as volatility builds.
What’s Happening With Cardano’s Price?
On the daily chart, ADA has completed a clean Break of Structure (BOS) and reclaimed a key smart money zone above $0.83. Price has now pushed into a previous inefficiency zone, with $0.88 acting as a short-term barrier. The Change of Character (CHoCH) zones around $0.75 and $0.84 have flipped, showing growing bullish intent after months of lower highs and compressed ranges.
Meanwhile, the weekly Fibonacci retracement from the $0.27 bottom to the $1.32 top shows that ADA is currently hovering just above the 0.5 Fib level at $0.80. Price has also broken out of a long-standing descending channel, confirming structural reversal from a macro downtrend. This technical development strengthens the argument for a sustained move toward $0.93 (Fib 0.382) and possibly $1.07.
Why Is The Cardano Price Going Up Today?
The recent upside in Cardano price is supported by multiple technical and sentiment-based catalysts. First, the 4-hour chart shows a sustained breakout from a rising parallel channel, with ADA forming higher highs and higher lows above the EMA 20/50/100/200 stack. The entire EMA cluster is trending upward, a strong sign of bullish continuation.
Secondly, Bollinger Bands are expanding with price holding near the upper band at $0.867. This signals elevated Cardano price volatility and confirms the strength of the current move.
The 30-minute VWAP shows price trading firmly above the volume-weighted average at $0.840, with upper deviation bands extending, suggesting dominance by buyers.
Momentum indicators are also favorable. The RSI on the 30-minute chart is at 65.22, indicating bullish pressure without being overheated. MACD remains positive, and Parabolic SAR dots are below price, supporting the trend direction.
On-chain and derivatives data adds further confidence. Open interest has risen 2.98% to $1.6B despite a 39% drop in volume, suggesting positioning is shifting toward longer-duration exposure. Binance’s long/short ratio sits at 2.79 for ADA/USDT, while top trader sentiment is even more bullish at 3.05, indicating heavy long-side speculation.
ADA Price Indicators Show Trend Continuation Potential
Price action on the 4-hour chart is unfolding inside an ascending parallel channel, which remains intact after a brief mid-channel consolidation. ADA is currently pressing against the upper boundary of this channel, with bullish On-Balance Volume (OBV) momentum supporting the move. OBV currently reads 441.32M, consistent with accumulation behavior.
The Money Flow Index (MFI) is slightly below the midpoint at 47.14, which suggests there is still room for capital inflows before price overheats. With funding rates positive but moderate, ADA’s rally does not appear overly leveraged at this stage.
A breakout above $0.88 would likely open the path toward the $0.93–$0.95 region, which aligns with the weekly Fib retracement and prior BOS levels. If rejected, price may pull back toward the midline of the 4H channel near $0.81 or even the $0.78 support marked by EMA50 and Bollinger Band base.
Cardano Price Prediction: Short-Term Outlook (24H)
As Cardano price today sustains gains above $0.85, bulls aim for a breakout beyond the $0.88–$0.90 resistance band. A successful move above this zone could open a fast push toward $0.926 and then $1.00. However, failure to breach $0.88 could trigger a brief rejection toward $0.81 or $0.78, where strong dynamic support exists.
Momentum remains favorable across short-term timeframes, but traders should monitor volume and open interest for confirmation of sustained breakout strength. The structure remains bullish while ADA trades above the $0.80–$0.82 range.
Cardano Price Forecast Table: July 21, 2025
| Indicator/Zone | Level / Signal |
| Cardano price today | $0.857 |
| Resistance 1 | $0.88 (weak high zone) |
| Resistance 2 | $0.926 (Fib 0.382 level) |
| Support 1 | $0.81 (mid-channel / EMA cluster) |
| Support 2 | $0.78 (EMA50, BB base) |
| RSI (30-min) | 65.22 (Bullish, not overbought) |
| Bollinger Bands (4H) | Expanding (volatility breakout) |
| VWAP (30-min) | $0.8403 (Price above VWAP) |
| OBV (4H) | 441.32M (Bullish) |
| MFI (14) | 47.14 (Neutral, room to climb) |
| EMA Stack (4H) | Bullish alignment above $0.78 |
| Open Interest | $1.60B (+2.98%, long bias) |
| Binance Long/Short Ratio | 2.79 (Accounts) / 3.05 (Top Traders) |
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