Cardano Price Analysis: ADA/USD Could Extend Declines Below $0.038

2018-12-5 10:30

Key Highlights

ADA price failed to stay above the $0.0380 support and declined recently against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.0398 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could continue to move down and it is likely to revisit the $0.0350 support level.

Cardano price failed to gain momentum against the US Dollar and Bitcoin. ADA/USD declined below $0.0380 and it could continue to move down towards $0.0350.

Cardano Price Analysis

After trading close to the $0.0450 resistance, cardano price started a downside move against the US Dollar. The ADA/USD pair declined and traded below the $0.0420 and $0.0400 support levels. There was a close below the $0.0400 support and the 100 hourly simple moving average. Moreover, the price broke the 76.4% Fibonacci retracement level of the last recovery from the $0.0379 low to $0.0433 high.

More importantly, there was a break below a major bullish trend line with support at $0.0398 on the hourly chart of the ADA/USD pair. The pair is now trading below the $0.0380 support level with a bearish angle. If the price continues to move down, there are chances of it testing the $0.0350 support. The 1.618 Fib extension level of the last recovery from the $0.0379 low to $0.0433 high is also near $0.0350. Therefore, the $0.0350 level is likely to act as a strong support. On the upside, an initial resistance is near the $0.0380 level. The main hurdle is near the $0.0400 level and the 100 hourly SMA.

The chart indicates that ADA price is under a lot of pressure below the $0.0380 support. There could be more declines, but the $0.0350 support is likely to act as a strong barrier for sellers.

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

Hourly RSI – The RSI for ADA/USD is currently well below the 40 level.

Major Support Level – $0.0350

Major Resistance Level – $0.0400

The post Cardano Price Analysis: ADA/USD Could Extend Declines Below $0.038 appeared first on NewsBTC.

origin »

Cardano (ADA) на Currencies.ru

$ 0.5814 (+0.29%)
Объем 24H $2.156b
Изменеия 24h: -1.35 %, 7d: -11.72 %
Cегодня L: $0.5164 - H: $0.5965
Капитализация $20.509b Rank 10
Цена в час новости $ 0.0366723 (1485.39%)

ada price below could usd cardano pair

Источник: newsbtc.com

ada price → Результатов: 126


Cardano’s Q4 Triumph Shaken by Market Plunge—What’s Next for ADA Price?

Cardano weathered a mixed end to 2024. While Q4 brought substantial gains in price and treasury holdings, recent weeks have seen ADA tumble alongside most cryptocurrencies.   The project did roll out major governance improvements and saw more DeFi activity, but it’s still grappling with a cooling NFT market and struggles to keep users consistently engaged.

2025-2-28 10:30


Is Cardano Price Set to Explode? Key Chart Patterns Suggest What’s Next for ADA

The price of ADA has been showing interesting patterns. The daily chart shows a symmetrical triangle forming—a pattern that often hints at where the price might go next. Prominent analyst Freedom By 40 posted about it on X (formerly Twitter), saying, “$ADA looks great for continuation,” showing some faith in the market’s direction.

2024-12-29 10:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cardano vs Solana: Will ADA extend its Q1 lead over SOL in Q2?

ADA and SOL's critical support levels are under stress, and a breakdown could accelerate sell-side pressure.  As liquidity shifts, only one is poised to take the lead in Q2. Analysts are diThe post Cardano vs Solana: Will ADA extend its Q1 lead over SOL in Q2? appeared first on AMBCrypto.

As Cardano whales offload 120 mln, why ADA's downtrend can continue

In the last 24 hours, whales sold a significant amount of ADA, forcing a fall. Other key technical indicators in the derivatives market influenced a downward trend as well. Sentiment around The post As Cardano whales offload 120 mln, why ADA's downtrend can continue appeared first on AMBCrypto.

Cardano could unlock Bitcoin’s DeFi potential - Charles Hoskinson

Hoskinson envisions Cardano integrating with Bitcoin DeFi through Layer 2 solutions and interoperability. ADA showed stronger market resilience, with an RSI of 53, outperforming Bitcoin and othThe post Cardano could unlock Bitcoin’s DeFi potential - Charles Hoskinson appeared first on AMBCrypto.

Cardano [ADA]: How THIS price could trigger 13% gains - A rally imminent?

Bollinger Bands appear to be squeezing on ADA’s 12-hour chart, signaling a potential upside rally. The on-chain metric revealed that exchanges have witnessed an outflow of $13.80 millThe post Cardano [ADA]: How THIS price could trigger 13% gains - A rally imminent? appeared first on AMBCrypto.