{"id":39212,"date":"2025-01-27T05:18:19","date_gmt":"2025-01-27T05:18:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=39212"},"modified":"2025-01-27T05:18:19","modified_gmt":"2025-01-27T05:18:19","slug":"cardano-ada-in-the-red-struggles-persist-under-1-00","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=39212","title":{"rendered":"Cardano (ADA) In The Red: Struggles Persist Under $1.00"},"content":{"rendered":"

Cardano price started a fresh decline below the $1.00 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 $1.020 zone.
\nThe price is trading below $1.00 and the 100-hourly simple moving average.
\nThere was a break below a key bullish trend line with support at $0.9750 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 Settles Below $1.00<\/h2>\n

After struggling to stay above the $1.050 level, Cardano started a fresh decline unlike Bitcoin<\/a> and Ethereum<\/a>. ADA declined below the $1.00 and $0.9750 support levels.<\/p>\n

There was a break below a key bullish trend line with support at $0.9750 on the hourly chart of the ADA\/USD pair. The pair even traded below the $0.920 support. A low was formed at $0.91645 and the price is now attempting to recover. There was a move above the $0.9220 level.<\/p>\n

Cardano price is now trading below $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.9350 zone. It is near the 23.6% Fib retracement level of the downward move from the $0.9998 swing high to the $0.9164 low.<\/p>\n

The first resistance is near $0.9550 or the 50% Fib retracement level of the downward move from the $0.9998 swing high to the $0.9164 low. The next key resistance might be $0.9680. If there is a close above the $0.9680 resistance, the price could start a strong rally.<\/p>\n

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

In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.9350 resistance level, it could start another decline. Immediate support on the downside is near the $0.9160 level.<\/p>\n

The next major support is near the $0.90 level. A downside break below the $0.90 level could open the doors for a test of $0.8650. The next major support is near the $0.8450 level where the bulls might emerge.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for ADA\/USD is losing 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 $0.9160 and $0.9000.<\/p>\n

Major Resistance Levels \u2013 $0.9350 and $0.9680.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $1.00 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 $1.020 zone. The price is trading below $1.00 and the 100-hourly simple moving average. There was a break below a key bullish […]<\/p>\n","protected":false},"author":0,"featured_media":39213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39212","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\/39212"}],"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=39212"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/39213"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}