Oh, the Cardano price (ADA), that capricious creature, has finally managed to break free from its long-standing descending channel, closing above the 200-day EMA for the first time in what feels like an eternity. Yet, as it dallies around the $0.72-$0.73 level, one can’t help but wonder if this is a mere flirtation with the skies or a genuine romance with the heavens. The upward momentum, it seems, has taken a brief siesta, but the overall technical setup remains as positive as a sunny day in June.
Amidst the recent consolidation, a phenomenon as common in the crypto space as a cat in a sunbeam, this sideways dance in ADA appears more like a strategic pause than a dramatic reversal. 🕺
And then, there are the underlying indicators, those subtle whispers of the market, which hint at a more bullish momentum ahead. The structure built in July, like a well-crafted novel, remains intact, with support holding firm and accumulation patterns forming. ADA, it seems, may still have more chapters to write in its upward saga.
Breakout In Cardano Price Chart Above Key Averages Signals Strength
For months, ADA has been a prisoner in the downward wedge, a tragic hero in a play written by the gods of bearishness. But, oh, what a triumph this breach above its declining wedges has been! A feat not seen in a month on the daily chart, it has brought relief to many investors who have been waiting for this moment with bated breath. 🌟
This move on the ADA price chart is no ordinary move; it is a symphony of multiple key factors, culminating in a crossover in its short-term EMA bands, with the 20-day EMA rising above the 50-day EMA. This, my dear readers, signals the beginning of a sustained upward phase, a new chapter in the ADA saga.
Furthermore, the ADA price breakout and sustaining above the 200-day EMA is a key long-term indicator of a northward trend. For the past three months, it struggled to hold above this dynamic level, but no longer. The recent performance is a testament to its newfound resilience, a phoenix rising from the ashes. 🦅

Consolidation Near $0.72 Amid Market-Wide Sell-Off
Despite the bullish signals, the ADA price is currently consolidating around $0.72, a pause that aligns with a broader pullback in the cryptocurrency market. Cardano, it seems, has not been immune to the market’s whimsical moods.
As long-term investors began to realize profits, the mighty Bitcoin, which recently hit an all-time high of $123.2K, dropped more than 5% to $116.7K. Yet, this appears to be a healthy consolidation rather than a worrisome reversal, and it has not broken any critical support levels. The uptrend, it seems, remains structurally sound, a sturdy oak in a storm. 🌳

Accumulation Phase Could Drive Next Leg Higher
From a technical perspective, the current price zone between $0.70–$0.72 could act as a re-accumulation zone, a place where market participants may gather their strength before making another push toward $1.10, a psychological and technical resistance level. 🏃♂️
Moreover, a recent chart shared by Wyckoff Insider comparing ADA/BTC indicates that Cardano is currently pressing against a strong resistance level. According to the analysis, if accumulation continues and strength rises, ADA/BTC could flip the resistance level into support. Doing so would likely open the door to test the next resistance range in the ADA/BTC pair, which could indirectly support ADA/USD as well.
$ADA / $BTC
— Wyckoff Insider (@Wyckoff_Insider) July 15, 2025
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2025-07-15 13:32