{"id":40533,"date":"2025-01-31T05:08:41","date_gmt":"2025-01-31T05:08:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=40533"},"modified":"2025-01-31T05:08:41","modified_gmt":"2025-01-31T05:08:41","slug":"cardano-ada-at-risk-breakdown-signal-suggests-further-decline","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=40533","title":{"rendered":"Cardano (ADA) at Risk: Breakdown Signal Suggests Further Decline"},"content":{"rendered":"

Cardano price started a fresh decline from the $1.00 zone. ADA is consolidating and might continue to move down below the $0.9350 support.<\/em><\/p>\n

ADA price started a fresh decline from the $1.00 zone.
\nThe price is trading below $0.950 and the 100-hourly simple moving average.
\nThere was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another decline if it trades below the $0.9350 support zone.<\/p>\n

Cardano Price Turns Red<\/h2>\n

After struggling to stay above the $1.00 level, Cardano started a fresh decline unlike Bitcoin<\/a> and Ethereum<\/a>. ADA declined below the $0.9650 and $0.950 support levels.<\/p>\n

There was a clear move below the $0.950 support zone. Besides, there was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA\/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high.<\/p>\n

Cardano price is now trading below $0.950 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.950 zone. The first resistance is near $0.9650.<\/p>\n

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

The next key resistance might be $0.9880. If there is a close above the $0.9880 resistance, the price could start a strong rally. 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 $0.950 resistance level, it could start another decline. Immediate support on the downside is near the $0.940 level and the 100-hourly simple moving average.<\/p>\n

The next major support is near the $0.9350 level or the 61.8% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high. A downside break below the $0.9350 level could open the doors for a test of $0.9040. The next major support is near the $0.8550 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 $0.9400 and $0.9350.<\/p>\n

Major Resistance Levels \u2013 $0.9500 and $0.9880.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline from the $1.00 zone. ADA is consolidating and might continue to move down below the $0.9350 support. ADA price started a fresh decline from the $1.00 zone. The price is trading below $0.950 and the 100-hourly simple moving average. There was a break below a key bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":40534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40533","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\/40533"}],"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=40533"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40534"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}