{"id":28129,"date":"2024-12-13T05:08:09","date_gmt":"2024-12-13T05:08:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=28129"},"modified":"2024-12-13T05:08:09","modified_gmt":"2024-12-13T05:08:09","slug":"cardano-ada-uptrend-faces-hurdles-will-bulls-break-the-barrier","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=28129","title":{"rendered":"Cardano (ADA) Uptrend Faces Hurdles: Will Bulls Break the Barrier?"},"content":{"rendered":"

Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels.<\/em><\/p>\n

ADA price started a decent increase from the $0.910 support zone.
\nThe price is trading above $1.050 and the 100-hourly simple moving average.
\nThere is a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $1.180 resistance zone.<\/p>\n

Cardano Price Eyes Upside Break<\/h2>\n

After forming a base above the $1.00 level, Cardano started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. ADA was able to climb above the $1.050 and $1.120 resistance levels.<\/p>\n

However, the bears were active below the $1.20 level. A high was formed at $1.1781 and the price is now consolidating gains. There was a minor decline below the $1.120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high.<\/p>\n

Cardano price is now trading above $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.150 zone. There is also a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair.<\/p>\n

<\/a><\/p>\n

The first resistance is near $1.180. The next key resistance might be $1.20. If there is a close above the $1.2 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.2280 region. Any more gains might call for a move toward $1.250.<\/p>\n

Another Decline in ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $1.180 resistance level, it could start another decline. Immediate support on the downside is near the $1.10750 level.<\/p>\n

The next major support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high. A downside break below the $1.050 level could open the doors for a test of $1.00. The next major support is near the $0.920 level where the bulls might emerge.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $1.070 and $1.050.<\/p>\n

Major Resistance Levels \u2013 $1.160 and $1.180.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels. ADA price started a decent increase from the $0.910 support zone. The price is trading above $1.050 and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":28130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28129"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28129"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28130"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}