{"id":62421,"date":"2025-04-28T06:18:57","date_gmt":"2025-04-28T06:18:57","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=62421"},"modified":"2025-04-28T06:18:57","modified_gmt":"2025-04-28T06:18:57","slug":"cardano-ada-bulls-push-for-breakout-is-a-sharp-rally-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=62421","title":{"rendered":"Cardano (ADA) Bulls Push for Breakout \u2014 Is a Sharp Rally Next?"},"content":{"rendered":"

Cardano price started a fresh increase from the $0.620 zone. ADA is consolidating near $0.70 and eyes more gains above the $0.720 zone.<\/em><\/p>\n

ADA price started a recovery wave from the $0.650 zone.
\nThe price is trading above $0.680 and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $0.720 resistance zone.<\/p>\n

Cardano Price Faces Resistance<\/h2>\n

In the past few sessions, Cardano saw a fresh decline from the $0.7350 level, like Bitcoin<\/a> and Ethereum<\/a>. ADA declined below the $0.720 and $0.70 support levels.<\/p>\n

A low was formed at $0.6826 and the price is again moving higher. There was a move above the $0.70 level. The price cleared the 50% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low.<\/p>\n

Cardano price is now trading above $0.680 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7150 zone and the 61.8% Fib retracement level of the recent decline from the $0.7338 swing high to the $0.6826 low.<\/p>\n

There is also a connecting bearish trend line forming with resistance at $0.7180 on the hourly chart of the ADA\/USD pair. The first resistance is near $0.7250. The next key resistance might be $0.750.<\/p>\n

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

If there is a close above the $0.750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.780 region. Any more gains might call for a move toward $0.80 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.7150 resistance level, it could start another decline. Immediate support on the downside is near the $0.70 level.<\/p>\n

The next major support is near the $0.680 level. A downside break below the $0.680 level could open the doors for a test of $0.630. The next major support is near the $0.6175 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 bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.7000 and $0.680.<\/p>\n

Major Resistance Levels \u2013 $0.7150 and $0.7340.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh increase from the $0.620 zone. ADA is consolidating near $0.70 and eyes more gains above the $0.720 zone. ADA price started a recovery wave from the $0.650 zone. The price is trading above $0.680 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":62422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-62421","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\/62421"}],"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=62421"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/62421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/62422"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}