ADA Technical Analysis: 15 APR 2025
ADA in a series of HH’s and HL’s. Source: TradingView
General View
Cardano has managed a solid recovery, flipping the short-term trend bullish after breaking above the descending trendline resistance. The structure has now shifted into a series of higher highs and higher lows, which suggests bulls are in control for now. Price is holding comfortably above key intra-day supports, but momentum is clearly slowing. On the lower time frame, the consolidation is beginning to take the shape of a rising wedge, which signals exhaustion. While this doesn’t confirm a reversal just yet, it’s definitely a caution flag to keep an eye on.
On The Upside
ADA is feeling the head at the $0.67 level. Bulls have to break this region to aim higher towards the next resistance at $0.6850 to $0.6900 levels. This is the make-or-break level, as strength above puts ADA back on track towards the $0.72 to $0.75 region, meanwhile, a failure at $0.69 pushes for profit-taking.
On The Downside
If the rising wedge breaks to the downside, which is often the case, ADA could retest the nearest support at $0.625 and $0.617 levels. These intra-day supports are essential to hold otherwise, it would weaken the bullish structure and shift focus back to the deeper intra-day supports around $0.54 and $0.515.
As ADA slows down, Rising Wedge is starting to appear. Source: TradingView
 is aiming for a breakout above $0.69, but a bearish wedge pattern could push prices down to $0.625 if support fails.){kind=link}