Cardano Price Prediction: Protocol 11 Hard Fork Stays On Track Despite Fix
ADA trades at $0.2387 on April 13, up 1.06%, sitting at the wedge apex as the Cardano team confirms Protocol 11 stays on track for late June despite a memory fix being folded into a revised node release.
The descending wedge from the February peak near $0.4200 has both boundaries meeting at current price. Upper boundary slopes down from the February high, lower boundary rises from the $0.2200 low, and both converge at $0.2387 this week.
The SAR at $0.2656 and Supertrend at $0.2753 remain bearish above, neither flipped since the February selloff. A daily close above the wedge upper boundary near $0.2450 is the first breakout signal, putting the SAR in view next. Below, $0.2300 is the critical floor analyst LuckSide Crypto flags. A close below it opens $0.2200, the last significant low on the chart.
Key levels for April 14:
Cardano’s testing team a memory regression in the 10.7 pre-release, with roughly 6GB of extra RAM usage building over a 15-day benchmarking window. The cause has been identified, a fix implemented, and the patch will ship in a 10.7.1 release rather than promoting 10.7 to mainnet. Integration benchmarking over the next few days will confirm the fix holds without requiring downstream API changes. Late June mainnet timeline stays unchanged.
Protocol 11 upgrades Plutus performance, ledger consistency, and node security. The fix keeps the development narrative intact through a week where the bigger price risk is macro, not Cardano-specific. Trump ordering a US Navy blockade of the Strait of Hormuz and threatening 50% tariffs on China for supplying Iran with weapons is what LuckSide Crypto flags as the real headwind heading into Monday, with markets yet to fully price the escalation.
Volume fell 24.71% to $539.96M while OI rose 3.68% to $435.15M. Positions are holding, not closing. Long/short ratio at 0.8868 leans short, but Binance accounts sit long at 2.1387 and OKX at 2.29.
Longs absorbed $939.99K in 24-hour liquidations against $12.33K for shorts. Buyers keep getting stopped out at resistance while shorts go untouched. OI at $436.58M stays well above pre-rally levels, keeping cascading liquidations in both directions on the table if the wedge breaks hard.
