Cardano encountered significant selling pressure following a notable rejection at the $1.3 resistance region, resulting in a sharp decline.<\/p>\n
However, the price has now reached a critical support level, suggesting the potential for a bullish consolidation phase in the mid-term.<\/p>\n
By Shayan<\/a><\/p>\n Cardano recently failed to breach the substantial $1.3 resistance zone due to heightened selling pressure, driven mainly by participants capitalizing on the distribution phase and opening short positions.<\/p>\n This rejection led to a decline, with the price finding support at the crucial $0.8 level, where a bullish rebound has already occurred.<\/p>\n The price range between $0.8 and $1.3 represents a critical consolidation zone, with buyers likely defending the $0.8 threshold.<\/p>\n A bullish retracement phase toward the $1.3 mark is anticipated over the mid-term.<\/p>\n <\/a>Source: TradingView<\/p>\n The rejection at $1.3 is reflected on the 4-hour chart, where significant selling activity pushed the price downward.<\/p>\n This correction aligns with the typical behavior of a healthy bullish trend, allowing for profit-taking and market stabilization. Cardano\u2019s price has landed within a robust support region, defined by the 0.5 ($0.8) \u2013 0.618 ($0.7) Fibonacci levels.<\/p>\n This area is expected to be a strong defense, preventing further declines. A bullish rebound and consolidation phase toward the $1.3 mark appears likely in the mid-term. With substantial support holding, Cardano could soon resume its upward trajectory, reinforcing the bullish sentiment.<\/p>\n <\/a>Source: TradingView<\/p>\n The post Cardano Price Analysis: New ADA Rally to $1 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Cardano encountered significant selling pressure following a notable rejection at the $1.3 resistance region, resulting in a sharp decline. However, the price has now reached a critical support level, suggesting the potential for a bullish consolidation phase in the mid-term. Technical Analysis By Shayan The Daily Chart Cardano recently failed to breach the substantial $1.3 […]<\/p>\n","protected":false},"author":0,"featured_media":30557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30556","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\/30556"}],"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=30556"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30557"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
![<\/a>Source: TradingView<\/p>\nThe 4-Hour Chart<\/h3>\nThe rejection at $1.3 is reflected on the 4-hour chart, where significant selling activity pushed the price downward.<\/p>\nThis correction aligns with the typical behavior of a healthy bullish trend, allowing for profit-taking and market stabilization. Cardano\u2019s price has landed within a robust support region, defined by the 0.5 ($0.8) \u2013 0.618 ($0.7) Fibonacci levels.<\/p>\nThis area is expected to be a strong defense, preventing further declines. A bullish rebound and consolidation phase toward the $1.3 mark appears likely in the mid-term. With substantial support holding, Cardano could soon resume its upward trajectory, reinforcing the bullish sentiment.<\/p>\n<\/a>Source: TradingView<\/p>\nThe post Cardano Price Analysis: New ADA Rally to $1 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Cardano encountered significant selling pressure following a notable rejection at the $1.3 resistance region, resulting in a sharp decline. However, the price has now reached a critical support level, suggesting the potential for a bullish consolidation phase in the mid-term. Technical Analysis By Shayan The Daily Chart Cardano recently failed to breach the substantial $1.3 […]<\/p>\n","protected":false},"author":0,"featured_media":30557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30556","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\/30556"}],"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=30556"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30557"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/ADA-D-scaled.jpg\"){kind=link}
![<\/a>Source: TradingView<\/p>\nThe post Cardano Price Analysis: New ADA Rally to $1 Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Cardano encountered significant selling pressure following a notable rejection at the $1.3 resistance region, resulting in a sharp decline. However, the price has now reached a critical support level, suggesting the potential for a bullish consolidation phase in the mid-term. Technical Analysis By Shayan The Daily Chart Cardano recently failed to breach the substantial $1.3 […]<\/p>\n","protected":false},"author":0,"featured_media":30557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30556","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\/30556"}],"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=30556"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30557"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/12\/ADA-4H-1-scaled.jpg\"){kind=link}