{"id":51439,"date":"2025-03-12T07:58:38","date_gmt":"2025-03-12T07:58:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51439"},"modified":"2025-03-12T07:58:38","modified_gmt":"2025-03-12T07:58:38","slug":"cardano-struggles-to-climb-ada-faces-strong-hurdles-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51439","title":{"rendered":"Cardano Struggles to Climb\u2014ADA Faces Strong Hurdles Ahead"},"content":{"rendered":"

Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level.<\/em><\/p>\n

ADA price started a recovery wave from the $0.650 zone.
\nThe price is trading below $0.750 and the 100-hourly simple moving average.
\nThere is a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $0.750 resistance zone.<\/p>\n

Cardano Price Climbs Higher<\/h2>\n

In the past few days, Cardano saw a bearish wave below the $0.80 level, like Bitcoin<\/a> and Ethereum<\/a>. ADA declined below the $0.750 and $0.70 support levels.<\/p>\n

Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.680 and $0.70 level. The price tested the 50% Fib retracement level of the downward move from the $0.8169 swing high to the $0.6495 low.<\/p>\n

There was a short-term bearish trend line forming with resistance at $0.720 on the hourly chart of the ADA\/USD pair. \u00a0Cardano price is now trading below $0.80 and the 100-hourly simple moving average.<\/p>\n

On the upside, the price might face resistance near the $0.750 zone and the 61.8% Fib retracement level of the downward move from the $0.8169 swing high to the $0.6495 low. The first resistance is near $0.7750. The next key resistance might be $0.80.<\/p>\n

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

If there is a close above the $0.80 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.950 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 $0.750 resistance level, it could start another decline. Immediate support on the downside is near the $0.7150 level.<\/p>\n

The next major support is near the $0.6880 level. A downside break below the $0.6880 level could open the doors for a test of $0.650. The next major support is near the $0.6320 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 $0.7150 and $0.6880.<\/p>\n

Major Resistance Levels \u2013 $0.7500 and $0.7750.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $0.75 zone. ADA is correcting some losses and might face resistance near the $0.750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.750 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":51440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51439","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\/51439"}],"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=51439"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/51440"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}