{"id":56449,"date":"2025-04-03T05:08:14","date_gmt":"2025-04-03T05:08:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56449"},"modified":"2025-04-03T05:08:14","modified_gmt":"2025-04-03T05:08:14","slug":"cardano-ada-downtrend-deepens-is-a-rebound-possible","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56449","title":{"rendered":"Cardano (ADA) Downtrend Deepens\u2014Is a Rebound Possible?"},"content":{"rendered":"

Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses.<\/em><\/p>\n

ADA price failed to recover above the $0.70 resistance zone.
\nThe price is trading below $0.680 and the 100-hourly simple moving average.
\nThere was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $0.70 resistance zone.<\/p>\n

Cardano Price Dips Again<\/h2>\n

In the past few days, Cardano saw a recovery wave from the $0.6350 zone, like Bitcoin<\/a> and Ethereum<\/a>. ADA was able to climb above the $0.680 and $0.6880 resistance levels.<\/p>\n

However, the bears were active above the $0.70 zone. A high was formed at $0.7090 and the price corrected most gains. There was a move below the $0.650 level. Besides, there was a break below a connecting bullish trend line with support at $0.6720 on the hourly chart of the ADA\/USD pair.<\/p>\n

A low was formed at $0.6356 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average.<\/p>\n

On the upside, the price might face resistance near the $0.6720 zone or the 50% Fib retracement level of the recent decline from the $0.7090 swing high to the $0.6356 low. The first resistance is near $0.6950. The next key resistance might be $0.700.<\/p>\n

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

If there is a close above the $0.70 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7420 region. Any more gains might call for a move toward $0.7650 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6420 level.<\/p>\n

The next major support is near the $0.6350 level. A downside break below the $0.6350 level could open the doors for a test of $0.620. The next major support is near the $0.60 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 $0.6420 and $0.6350.<\/p>\n

Major Resistance Levels \u2013 $0.6720 and $0.7000.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a recovery wave above the $0.680 zone but failed. ADA is consolidating near $0.650 and remains at risk of more losses. ADA price failed to recover above the $0.70 resistance zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break below a connecting bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":56450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56449","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\/56449"}],"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=56449"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56450"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}