{"id":65882,"date":"2025-05-13T05:08:41","date_gmt":"2025-05-13T05:08:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65882"},"modified":"2025-05-13T05:08:41","modified_gmt":"2025-05-13T05:08:41","slug":"cardano-ada-dips-temporary-correction-or-start-of-deeper-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65882","title":{"rendered":"Cardano (ADA) Dips: Temporary Correction or Start of Deeper Move?"},"content":{"rendered":"

Cardano price started a fresh increase above the $0.750 zone. ADA is now correcting gains from $0.8650 and testing the $0.7750 support.<\/em><\/p>\n

ADA price started a decent increase above $0.750 and $0.7750.
\nThe price is trading below $0.80 and the 100-hourly simple moving average.
\nThere was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $0.80 resistance zone.<\/p>\n

Cardano Price Dips To Support<\/h2>\n

In the past few days, Cardano saw a fresh increase above the $0.750 level, like Bitcoin<\/a> and Ethereum<\/a>. ADA was able to clear the $0.7750 and $0.80 resistance levels.<\/p>\n

It tested the $0.8650 zone. A high was formed at $0.8634 and the price recently corrected some gains. There was a move below the $0.80 level. Besides, there was a break below a connecting bullish trend line with support at $0.820 on the hourly chart of the ADA\/USD pair.<\/p>\n

The pair tested the $0.7750 zone. A low was formed at $0.7742 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $0.8634 swing high to the $0.7742 low.<\/p>\n

Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.80 zone. The first resistance is near $0.8180. The next key resistance might be $0.8450.<\/p>\n

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

If there is a close above the $0.8450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.880 region. Any more gains might call for a move toward $0.90 in the near term.<\/p>\n

More Losses 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 $0.7750 level.<\/p>\n

The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.7050. The next major support is near the $0.680 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 $0.7750 and $0.7400.<\/p>\n

Major Resistance Levels \u2013 $0.8000 and $0.8180.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh increase above the $0.750 zone. ADA is now correcting gains from $0.8650 and testing the $0.7750 support. ADA price started a decent increase above $0.750 and $0.7750. The price is trading below $0.80 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":65883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65882","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\/65882"}],"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=65882"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65883"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}