Cardano Price Tests Rising Wedge Resistance on July 3
The 4-hour chart for ADA/USDT on July 3, 2025, shows a rising wedge pattern forming between June 22 and July 3. A rising wedge is a bearish-to-neutral pattern that sometimes leads to a breakout and upward continuation when volume increases and the trend aligns with prior direction.
Cardano is currently testing the upper resistance of this wedge near $0.605. The pattern has been forming with higher lows and converging highs. At the same time, the price has reclaimed the 50-period exponential moving average (EMA), which sits at $0.5714, showing short-term strength.
Volume has also increased during the latest upward move, suggesting a potential breakout attempt.
If Cardano confirms this breakout, the target based on the wedge’s height would be approximately 15% above the current price. From the $0.6046 level, that implies a potential move toward $0.6934.
For now, ADA is still inside the wedge and testing resistance. The next few candles will be critical. If buyers push past the trendline with strong volume, the wedge will confirm, and the target zone could come into play. If it fails, the price may return to the lower trendline or the EMA support.
The market is now watching to see which direction Cardano will take.
Cardano RSI Nears Overbought Zone on July 3
The Relative Strength Index (RSI) chart for ADA/USDT, created on July 3, 2025, shows the 14-period RSI rising to 63.99. This level sits just below the 70 threshold, which typically marks the beginning of overbought conditions. The yellow line represents the 14-period moving average of the RSI, currently at 51.77.
RSI measures momentum and identifies whether an asset is overbought or oversold. Readings above 70 signal possible overbought conditions, while readings below 30 suggest oversold territory.
Now, ADA’s RSI is increasing steadily, confirming the recent bullish momentum. The RSI has stayed above its average for most of the past 10 days, and the latest breakout attempt from the wedge pattern aligns with this upward trend.
If RSI crosses 70 while price breaks the wedge, it could indicate a strong short-term surge, but also raise the risk of a local top forming soon after. Until then, ADA remains in a bullish momentum zone, with the RSI supporting the ongoing uptrend.
Cardano’s Balance of Power Dips to Bearish Zone on July 3
The Balance of Power (BoP) indicator for ADA/USDT, captured on July 3, 2025, shows a reading of –0.52, placing it in negative territory. The BoP measures the strength of buyers versus sellers during a given period. Values above zero signal buyer control, while values below zero indicate selling pressure.
Since mid-June, the chart has shown continued sharp fluctuations between positive and negative values. These spikes suggest strong intraday volatility but no clear long-term control from bulls or bears.
However, the most recent BoP reading at –0.52 signals that sellers currently hold an edge. This comes as ADA tests the top of a rising wedge pattern. The negative BoP could mean that the breakout attempt is weakening—or it could simply reflect a short-term pause before a stronger move.
Traders often pair BoP with volume or momentum indicators to confirm trend strength. In this case, BoP shows caution even though price action and RSI are leaning bullish.
Cardano Price in INR Rebounds Toward ₹50 in Early July
The chart tracks Cardano (ADA) against the Indian Rupee (INR) ADA/ INR over the past three months, showing price action through July 2. After declining steadily from ₹75 in mid-May, the token touched a local bottom near ₹43 around mid-June.
From that level, Cardano began to recover. By July 2, it had crossed the ₹50 mark again. This rebound marks a 15% rise from the local low, indicating a possible trend reversal after a month-long downtrend.
The overall structure still shows a lower-high and lower-low formation. However, the recent surge suggests short-term momentum has shifted in favor of buyers.
Volume activity at the bottom of the chart shows a spike in early 2022, followed by steady participation. The right end of the timeline reflects moderate buying interest as ADA moves upward in INR terms.