{"id":35548,"date":"2025-01-14T05:08:21","date_gmt":"2025-01-14T05:08:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35548"},"modified":"2025-01-14T05:08:21","modified_gmt":"2025-01-14T05:08:21","slug":"cardano-ada-under-pressure-struggles-to-reclaim-lost-ground","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35548","title":{"rendered":"Cardano (ADA) Under Pressure: Struggles to Reclaim Lost Ground"},"content":{"rendered":"

Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level.<\/em><\/p>\n

ADA price started a fresh decline from the $1.0350 zone.
\nThe price is trading near $0.950 and the 100-hourly simple moving average.
\nThere was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $1.00 resistance zone.<\/p>\n

Cardano Price Attempts Recovery Wave<\/h2>\n

After struggling to stay above the $1.00 level, Cardano started a fresh decline like Bitcoin<\/a> and Ethereum<\/a>. ADA declined below the $0.9550 and $0.9500 support levels.<\/p>\n

It even spiked below $0.900. A low was formed at $0.8769 and the price is now attempting to recover. There was a move above the $0.9150 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low.<\/p>\n

There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA\/USD pair. Cardano price is now trading below $0.9650 and the 100-hourly simple moving average.<\/p>\n

On the upside, the price might face resistance near the $0.9550 zone. It is near the 50% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low. The first resistance is near $0.9750. The next key resistance might be $1.00.<\/p>\n

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

If there is a close above the $1.00 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.050 region. Any more gains might call for a move toward $1.120 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.9550 resistance level, it could start another decline. Immediate support on the downside is near the $0.9320 level.<\/p>\n

The next major support is near the $0.9150 level. A downside break below the $0.9150 level could open the doors for a test of $0.900. The next major support is near the $0.880 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 bullish zone.<\/p>\n

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

Major Support Levels \u2013 $0.9150 and $0.9000.<\/p>\n

Major Resistance Levels \u2013 $0.9750 and $1.0000.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.0350 zone. The price is trading near $0.950 and the 100-hourly simple moving average. There was a break above a short-term bearish […]<\/p>\n","protected":false},"author":0,"featured_media":35549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35548","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\/35548"}],"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=35548"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35549"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}