{"id":64389,"date":"2025-05-07T05:08:58","date_gmt":"2025-05-07T05:08:58","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64389"},"modified":"2025-05-07T05:08:58","modified_gmt":"2025-05-07T05:08:58","slug":"cardano-bounce-losing-strength-ada-recovery-could-fade-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64389","title":{"rendered":"Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon"},"content":{"rendered":"

Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again.<\/em><\/p>\n

ADA price started a recovery wave from the $0.6420 zone.
\nThe price is trading below $0.680 and the 100-hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $0.6850 resistance zone.<\/p>\n

Cardano Price Faces Resistance<\/h2>\n

In the past few days, Cardano saw a fresh decline from the $0.730 level, like Bitcoin<\/a> and Ethereum<\/a>. ADA declined below the $0.70 and $0.680 support levels.<\/p>\n

A low was formed at $0.6426 and the price is again moving higher. There was a move above the $0.6550 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA\/USD pair.<\/p>\n

However, the bears are active near the $0.6850 resistance and the 50% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average.<\/p>\n

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

On the upside, the price might face resistance near the $0.680 zone. The first resistance is near $0.6850. The next key resistance might be $0.7090. If there is a close above the $0.7090 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.730 region. Any more gains might call for a move toward $0.750 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.6850 resistance level, it could start another decline. Immediate support on the downside is near the $0.6630 level.<\/p>\n

The next major support is near the $0.6500 level. A downside break below the $0.650 level could open the doors for a test of $0.6320. 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 losing 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 $0.6630 and $0.6500.<\/p>\n

Major Resistance Levels \u2013 $0.6850 and $0.7090.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again. ADA price started a recovery wave from the $0.6420 zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":64390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64389","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\/64389"}],"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=64389"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64390"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}