Cardano (ADA) Struggles: Can Bulls Prevent Further Losses?

2024-10-3 08:08

Cardano price started a fresh decline from the $0.3850 resistance. ADA is consolidating above $0.3350 and might attempt a recovery wave.

ADA price started a downward move below the $0.3550 support level. The price is trading below $0.350 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.3480 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down if it stays below the $0.360 resistance zone. Cardano Price Dips Again

After testing the $0.4150 resistance, Cardano struggled to continue higher. ADA formed a short-term top and started a fresh decline like Bitcoin and Ethereum. There was a move below the $0.3850 and $0.3650 support levels.

The price even declined below $0.350 before the bulls appeared. A low was formed at $0.3360 and the price is now consolidating losses. There was a minor move above the $0.3420 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.3853 swing high to the $0.3360 low.

Cardano price is now trading below $0.360 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.3500 zone. There is also a short-term bearish trend line forming with resistance at $0.3480 on the hourly chart of the ADA/USD pair.

The first resistance is near $0.360 or the 50% Fib retracement level of the downward move from the $0.3853 swing high to the $0.3360 low. The next key resistance might be $0.3740. If there is a close above the $0.3740 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.400 region. Any more gains might call for a move toward $0.4150.

More Downsides in ADA?

If Cardano’s price fails to climb above the $0.3500 resistance level, it could start another decline. Immediate support on the downside is near the $0.340 level.

The next major support is near the $0.3350 level. A downside break below the $0.3350 level could open the doors for a test of $0.3220. The next major support is near the $0.300 level where the bulls might emerge.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.3400 and $0.3350.

Major Resistance Levels – $0.3500 and $0.3600.

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Cardano (ADA) на Currencies.ru

$ 0.7208 (+1.80%)
Объем 24H $2.078b
Изменеия 24h: 1.95 %, 7d: -11.71 %
Cегодня L: $0.6551 - H: $0.735
Капитализация $25.394b Rank 8
Доступно / Всего 35.231b ADA / 45b ADA

ada cardano started price might support level

Источник: newsbtc.com

ada cardano → Результатов: 126


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As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]

2025-1-29 22:10


Фото:

Legendary Trader Peter Brandt Says Cardano Setting Up For Monster Bull Rally After Forming Bottom

Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.

2025-1-20 16:52


Прогноз Cardano: поднимется ли ADA до $1,50 или упадет к $0,70?

Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.

2024-12-30 17:28


Аналитик прогнозирует рост Cardano на 2288% до $6 и определяет, когда может начаться бычий забег ADA

Несмотря на то, что биткоин превысил $71 тыс. , Cardano торгуется по $0,3473, что отражает потерю 12% по сравнению с ценой месяц назад. Сегодня ADA показала рост всего на 2,2% на фоне возобновления бычьего импульса на рынке криптовалют.

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