Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Doj closes 145 Bidencash sites: ‘No more anonymous’

2025-06-05

Successful retest of Breakout zone sets phase for the next leg higher

2025-06-05

Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Soonchain Fores Partnership with Rei Network to define web3 gaming

    2025-06-05

    Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

    2025-06-05

    $ 650 million bridged to Solana in May, with $ 400 million contributing to Ethereum

    2025-06-05

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

    2025-06-05

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03
  • Analysis

    Successful retest of Breakout zone sets phase for the next leg higher

    2025-06-05

    Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

    2025-06-05

    Here are the two most important graphs in the entire macro, according to the former Goldman Sachs director Raoul Pal

    2025-06-05

    Price slips further, investors on Edge

    2025-06-05

    XRPL is confronted

    2025-06-05
  • Learn

    What Is Crypto Staking? A Beginner-Friendly Guide

    2025-06-05

    What Are Liquidity Pools? A Beginner’s Guide

    2025-06-05

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cardano Price Prediction: Why a July Rally May Not Be in the Cards
Altcoins

Cardano Price Prediction: Why a July Rally May Not Be in the Cards

2024-07-04No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • The market structure and technical indicators on Cardano’s 1-day time frame were bearish.
  • The liquidation heatmap highlighted the key short-term levels to watch.

Cardano [ADA] continued its downward trend on the price chart. Cardano’s price forecast has been bearish on the higher futures since mid-April when the $0.56 support level was lost. In the second half of June, bears again showed their intentions.

The mid-April low of $0.4 failed to provide support and the price hovered ominously around it. A boost could cause prices to plummet. What is the next target for the sellers from now on?

Cardano price forecast shows that bears will be happier in the coming days

Cardano 1-day chartCardano 1-day chart

Source: ADA/USDT on TradingView

The range that ADA had maintained from December 2023 to May 2024 was broken and turned into resistance. Based on the Fibonacci levels plotted during the March price drop, we can see that the next target for the bears is the 23.6% extension level at the $0.3 support level.

The technical indicators for the daily time frame were also bearish. The RSI recently tried to poke its head above the neutral 50 but faced rejection, reinforcing bearish momentum.

The OBV was also in a sustained downward trend.

This meant strong selling pressure and the lack of buying volume, making it more likely that prices would fall to $0.3 next.

The liquidation heatmap indicated potential range formation

Cardano Liquidation HeatmapCardano Liquidation Heatmap

Source: Hyblok

In early June, the $0.4-$0.415 region was a liquidity area with a wide range of liquidation levels. It was tested as support and ultimately succumbed to selling pressure. In the past ten days it has turned to resistance.

See also  SOL price restarts rally – why Solana could rise more than 10%

Read Cardanos [ADA] Price forecast 2024-25


The liquidation heatmap showed some liquidity building at $0.427, just above the recent high. The $0.35 was also an area of ​​interest in the short term.

It is possible that ADA prices could fluctuate between the $0.42-$0.37 level to increase liquidity above these two zones before gathering in a few weeks.

Disclaimer: The information presented does not constitute financial advice, investment advice, trading advice or any other form of advice and is solely the opinion of the writer.

Next: Kamala Harris memecoin KAMA pumps – Is this because she will replace Joe Biden?

Source link

Cardano Cards July Prediction Price rally
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Doj closes 145 Bidencash sites: ‘No more anonymous’

2025-06-05

Solana flows the nail and possibly drags the price below $ 140, while the goal of $ 250 remains active

2025-06-05

Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

2025-06-05

Railgun Crypto pumps 30% after the transaction of Vitalik Buterin – What is waiting for us?

2025-06-05
Add A Comment

Comments are closed.

Top Posts

Experience luxury living in the customizable apartments of Ethereum Towers

2023-06-03

Bitcoin Open Interest reaches the ATH level of $69,000, what this means for the price

2024-02-19

Baby Elon (BABYELON) Price Prediction 2024 2025 2026 2027

2024-01-19
Editors Picks

Aave – AMBCrypto

2024-09-09

One metric clue to an opportune time to accumulate Bitcoin (BTC) and Altcoins: Santiment

2023-08-24

Bitcoin’s Bull Run Continues, But Where Is the Retail Demand?

2024-07-19

US lawmaker questions SEC on GBTC redemptions

2023-05-12

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Doj closes 145 Bidencash sites: ‘No more anonymous’

Successful retest of Breakout zone sets phase for the next leg higher

Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$101,448.19-3.22%
  • ethereumEthereum(ETH)$2,409.61-7.71%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.09-5.26%
  • binancecoinBNB(BNB)$633.68-4.58%
  • solanaSolana(SOL)$144.62-5.81%
  • usd-coinUSDC(USDC)$1.000.05%
  • tronTRON(TRX)$0.2806112.08%
  • dogecoinDogecoin(DOGE)$0.170609-9.45%
  • cardanoCardano(ADA)$0.63-5.87%
  • hyperliquidHyperliquid(HYPE)$34.01-4.33%
  • suiSui(SUI)$2.93-7.70%
  • chainlinkChainlink(LINK)$12.91-6.75%
  • stellarStellar(XLM)$0.257615-3.49%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-4.22%
  • avalanche-2Avalanche(AVAX)$18.77-6.70%
  • bitcoin-cashBitcoin Cash(BCH)$386.04-3.60%
  • the-open-networkToncoin(TON)$3.03-4.62%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.43%
  • hedera-hashgraphHedera(HBAR)$0.159583-4.62%
  • litecoinLitecoin(LTC)$83.76-4.99%
  • polkadotPolkadot(DOT)$3.83-4.57%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • moneroMonero(XMR)$316.580.58%
  • daiDai(DAI)$1.000.02%
  • bitget-tokenBitget Token(BGB)$4.53-5.03%
  • piPi(PI)$0.62-4.28%
  • pepePepe(PEPE)$0.000011-10.21%
  • uniswapUniswap(UNI)$5.89-6.48%
  • aaveAave(AAVE)$241.77-8.51%
  • bittensorBittensor(TAO)$351.94-7.55%
  • okbOKB(OKB)$49.73-0.61%
  • crypto-com-chainCronos(CRO)$0.098096-2.15%
  • aptosAptos(APT)$4.49-6.28%
  • nearNEAR Protocol(NEAR)$2.25-7.46%
  • internet-computerInternet Computer(ICP)$4.86-6.70%
  • ethereum-classicEthereum Classic(ETC)$16.35-5.14%
  • ondo-financeOndo(ONDO)$0.77-6.82%
  • gatechain-tokenGateToken(GT)$18.43-3.92%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • kaspaKaspa(KAS)$0.081130-2.38%
  • mantleMantle(MNT)$0.63-4.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.198945-6.77%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.74-9.93%
  • vechainVeChain(VET)$0.022637-4.43%
  • render-tokenRender(RENDER)$3.55-5.39%
  • ethenaEthena(ENA)$0.285498-9.09%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.58%
  • worldcoin-wldWorldcoin(WLD)$1.04-8.58%
  • filecoinFilecoin(FIL)$2.37-7.51%
  • bitcoinBitcoin(BTC)$101,448.19-3.22%
  • ethereumEthereum(ETH)$2,409.61-7.71%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.09-5.26%
  • binancecoinBNB(BNB)$633.68-4.58%
  • solanaSolana(SOL)$144.62-5.81%
  • usd-coinUSDC(USDC)$1.000.05%
  • tronTRON(TRX)$0.2806112.08%
  • dogecoinDogecoin(DOGE)$0.170609-9.45%
  • cardanoCardano(ADA)$0.63-5.87%
  • hyperliquidHyperliquid(HYPE)$34.01-4.33%
  • suiSui(SUI)$2.93-7.70%
  • chainlinkChainlink(LINK)$12.91-6.75%
  • stellarStellar(XLM)$0.257615-3.49%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-4.22%
  • avalanche-2Avalanche(AVAX)$18.77-6.70%
  • bitcoin-cashBitcoin Cash(BCH)$386.04-3.60%
  • the-open-networkToncoin(TON)$3.03-4.62%
  • shiba-inuShiba Inu(SHIB)$0.000012-6.43%
  • hedera-hashgraphHedera(HBAR)$0.159583-4.62%
  • litecoinLitecoin(LTC)$83.76-4.99%
  • polkadotPolkadot(DOT)$3.83-4.57%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • moneroMonero(XMR)$316.580.58%
  • daiDai(DAI)$1.000.02%
  • bitget-tokenBitget Token(BGB)$4.53-5.03%
  • piPi(PI)$0.62-4.28%
  • pepePepe(PEPE)$0.000011-10.21%
  • uniswapUniswap(UNI)$5.89-6.48%
  • aaveAave(AAVE)$241.77-8.51%
  • bittensorBittensor(TAO)$351.94-7.55%
  • okbOKB(OKB)$49.73-0.61%
  • crypto-com-chainCronos(CRO)$0.098096-2.15%
  • aptosAptos(APT)$4.49-6.28%
  • nearNEAR Protocol(NEAR)$2.25-7.46%
  • internet-computerInternet Computer(ICP)$4.86-6.70%
  • ethereum-classicEthereum Classic(ETC)$16.35-5.14%
  • ondo-financeOndo(ONDO)$0.77-6.82%
  • gatechain-tokenGateToken(GT)$18.43-3.92%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • kaspaKaspa(KAS)$0.081130-2.38%
  • mantleMantle(MNT)$0.63-4.98%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.198945-6.77%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.74-9.93%
  • vechainVeChain(VET)$0.022637-4.43%
  • render-tokenRender(RENDER)$3.55-5.39%
  • ethenaEthena(ENA)$0.285498-9.09%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.58%
  • worldcoin-wldWorldcoin(WLD)$1.04-8.58%
  • filecoinFilecoin(FIL)$2.37-7.51%