{"id":43751,"date":"2025-02-12T05:08:01","date_gmt":"2025-02-12T05:08:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=43751"},"modified":"2025-02-12T05:08:01","modified_gmt":"2025-02-12T05:08:01","slug":"cardano-ada-struggles-to-sustain-gains-is-the-uptrend-in-trouble","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=43751","title":{"rendered":"Cardano (ADA) Struggles to Sustain Gains\u2014Is the Uptrend in Trouble?"},"content":{"rendered":"

Cardano price started a fresh rally above the $0.70 zone. ADA is now correcting gains and struggling to start another increase above $0.780.<\/em><\/p>\n

ADA price started a fresh rally above the $0.70 and $0.720 levels.
\nThe price is trading above $0.720 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $0.750 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another decline if it trades below the $0.7150 support zone.<\/p>\n

Cardano Price Climbs Above $0.70<\/h2>\n

After forming a base above the $0.650 level, Cardano started a fresh rally beating Bitcoin<\/a> and Ethereum<\/a>. ADA was able to clear the $0.70 and $0.720 resistance levels.<\/p>\n

It even surged above the $0.80 level. A high was formed at $0.8204 and the price is now correcting gains. There was a move below the $0.80 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.6512 swing low to the $0.8204 high.<\/p>\n

However, the bulls are now active near the $0.7550 zone. There is also a key bullish trend line forming with support at $0.750 on the hourly chart of the ADA\/USD pair.<\/p>\n

Cardano price is now trading above $0.7550 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.780 zone. The first resistance is near $0.800. The next key resistance might be $0.820.<\/p>\n

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

If there is a close above the $0.820 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.9150 region. Any more gains might call for a move toward $1.00 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level and the trend line.<\/p>\n

The next major support is near the $0.7150 level or the 61.8% Fib retracement level of the upward move from the $0.6512 swing low to the $0.8204 high. A downside break below the $0.7150 level could open the doors for a test of $0.650. The next major support is near the $0.6250 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 bullish 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 $0.7500 and $0.7150.<\/p>\n

Major Resistance Levels \u2013 $0.8000 and $0.8200.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh rally above the $0.70 zone. ADA is now correcting gains and struggling to start another increase above $0.780. ADA price started a fresh rally above the $0.70 and $0.720 levels. The price is trading above $0.720 and the 100-hourly simple moving average. There is a key bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":43752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-43751","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\/43751"}],"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=43751"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/43751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/43752"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}