$ADAtrades 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.

$ADADaily Chart: Wedge Apex Here, $0.2300 Is The Last Support Below

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:

• Wedge floor: $0.2300
• Wedge upper boundary: $0.2450
• SAR resistance: $0.2656
• Supertrend resistance: $0.2753
• February low: $0.2200
• Recovery target: $0.3494

Cardano Protocol 11 Hard Fork: Memory Bug Fixed, June Timeline Holds

Cardano’s testing team found 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.

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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.

$ADADerivatives: Longs Getting Crushed, Shorts Nearly Untouched

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.

$ADAPrice Prediction: April 14 Outlook

• Upside:Daily close above $0.2450 breaks the wedge, SAR at $0.2656 is next, then Supertrend at $0.2753. Protocol 11 staying on schedule removes a potential negative catalyst through late June.
• Downside:$0.2300 breaks on a daily close, macro pressure from the Strait of Hormuz escalation adds selling, and $0.2200 becomes the next stop. Below $0.2200 with both the SAR and Supertrend still bearish, there is no technical support until $0.1800.

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