Cardano's RAM Goblins Squashed, June Hard Fork Lives — But ADA's Still Wedged In

$ADA is holding at $0.2387 on April 13, up a modest 1.06%, as traders watch a descending wedge pinch tighter than a blockchain fee during network congestion. The chart looks like it's being held together with duct tape and hopium.

The wedge has both boundaries converging at current price. Upper boundary slopes down from February's high near $0.4200, lower boundary rises from the $0.2200 floor. They're meeting this week at $0.2387 — textbook technical analysis meeting textbook patience testing. Apparently ADA decided to invent a new trading strategy: "wait and see what breaks."

SAR sits at $0.2656 and Supertrend at $0.2753, both stubbornly bearish above price. Neither has flipped since February's selloff. A daily close above $0.2450 breaks the wedge upper boundary and puts that SAR in play. Below, $0.2300 is the critical floor LuckSide Crypto flags. Break that and $0.2200 — the last major chart low — comes into focus. The support levels are looking lonelier than a Bitcoin maxi at a ETH community call.

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

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

Cardano's testing team found a memory regression in the 10.7 pre-release — roughly 6GB of extra RAM accumulating over 15 days of benchmarking. Not ideal. The cause is identified, fix implemented, and the patch ships in 10.7.1 instead of promoting 10.7 to mainnet. Integration benchmarking over the next few days will confirm the fix holds without requiring downstream API changes. Turns out the RAM goblins were just hungry, not malicious. They got a patch and a stern talking-to.

Late June mainnet timeline stays unchanged. Protocol 11 upgrades Plutus performance, ledger consistency, and node security. The developers are basically doing donuts in the parking lot while the market's having an existential crisis.

The development narrative remains intact through a week where the bigger risk is macro, not Cardano-specific. LuckSide Crypto flags Trump's US Navy blockade of the Strait of Hormuz and 50% tariff threats on China as the real headwind heading into Monday. Markets apparently haven't fully priced that particular geopolitical spicy meme yet. Nothing says "reliable backend infrastructure" like your token's fate being determined by naval blockades and trade war shitposts.

$ADA Derivatives: Longs Getting Crushed, Shorts Nearly Untouched

Volume dropped 24.71% to $539.96M while OI rose 3.68% to $435.15M. Positions holding, not closing — interesting. Either degens are really committed to their positions or they just forgot their stop losses.

Long/short ratio sits at 0.8868, leaning short overall. But Binance accounts are long at 2.1387 and OK