{"id":70006,"date":"2025-05-29T04:48:37","date_gmt":"2025-05-29T04:48:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70006"},"modified":"2025-05-29T04:48:37","modified_gmt":"2025-05-29T04:48:37","slug":"cardano-ada-capped-below-resistance-will-buyers-regain-control","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70006","title":{"rendered":"Cardano (ADA) Capped Below Resistance \u2014 Will Buyers Regain Control?"},"content":{"rendered":"

Cardano price started a fresh decline below the $0.80 zone. ADA is now consolidating and might aim for a recovery above $0.780.<\/em><\/p>\n

ADA price started a fresh decline below $0.80 and $0.780.
\nThe price is trading above $0.750 and the 100-hourly simple moving average.
\nThere was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start another increase if it clears the $0.7840 resistance zone.<\/p>\n

Cardano Price Eyes Recovery<\/h2>\n

In the past few days, Cardano saw a fresh decline below the $0.7550, unlike Bitcoin<\/a> and Ethereum<\/a>. ADA even declined below the $0.740 level before the bulls appeared.<\/p>\n

A low was formed at $0.7287 and the price is now attempting a recovery wave. The price climbed above the $0.750 resistance level. There was a move above the 23.6% Fib retracement level of the recent decline from the $0.8380 swing high to the $0.7287 low.<\/p>\n

There was a break above a bearish trend line with resistance at $0.750 on the hourly chart of the ADA\/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average.<\/p>\n

On the upside, the price might face resistance near the $0.7680 zone. The first resistance is near $0.7840 or the 50% Fib retracement level of the recent decline from the $0.8380 swing high to the $0.7287 low. 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 $0.820 region. Any more gains might call for a move toward $0.8350 in the near term.<\/p>\n

Another Decline In ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $0.7680 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 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 $0.7260. The next major support is near the $0.70 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 $0.750 and $0.740.<\/p>\n

Major Resistance Levels \u2013 $0.78400 and $0.8000.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $0.80 zone. ADA is now consolidating and might aim for a recovery above $0.780. ADA price started a fresh decline below $0.80 and $0.780. The price is trading above $0.750 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":70007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70006","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\/70006"}],"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=70006"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70007"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}