{"id":71738,"date":"2025-06-05T03:48:17","date_gmt":"2025-06-05T03:48:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=71738"},"modified":"2025-06-05T03:48:17","modified_gmt":"2025-06-05T03:48:17","slug":"cardano-ada-struggles-deepen-price-slips-further-investors-on-edge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=71738","title":{"rendered":"Cardano (ADA) Struggles Deepen: Price Slips Further, Investors on Edge"},"content":{"rendered":"

Cardano price started a fresh decline below the $0.70 zone. ADA is now consolidating and might aim decline further below the $0.650 zone.<\/em><\/p>\n

ADA price started a fresh decline below $0.720 and $0.700.
\nThe price is trading below $0.70 and the 100-hourly simple moving average.
\nThere was a break below a bullish trend line with support at $0.6840 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start a fresh decline if it dips below the $0.650 support zone.<\/p>\n

Cardano Price Dips Further<\/h2>\n

In the past few days, Cardano saw a fresh decline below the $0.750, unlike Bitcoin<\/a> and Ethereum<\/a>. ADA even declined below the $0.70 level to enter a bearish zone.<\/p>\n

Besides, there was a break below a bullish trend line with support at $0.6840 on the hourly chart of the ADA\/USD pair. The bears even pushed the price below the $0.70 level. A low was formed at $0.6626 and the price is now consolidating losses.<\/p>\n

Cardano price is now trading below $0.70 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6720 zone. It is near the 23.6% Fib retracement level of the recent decline from the $0.7026 swing high to the $0.6626 low.<\/p>\n

The first resistance is near $0.6825 or the 50% Fib retracement level of the recent decline from the $0.7026 swing high to the $0.6626 low. The next key resistance might be $0.6920.<\/p>\n

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

If there is a close above the $0.6920 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7350 region. Any more gains might call for a move toward $0.750 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.6825 resistance level, it could start another decline. Immediate support on the downside is near the $0.6625 level.<\/p>\n

The next major support is near the $0.650 level. A downside break below the $0.650 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 gaining 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 $0.650 and $0.620.<\/p>\n

Major Resistance Levels \u2013 $0.6825 and $0.700.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $0.70 zone. ADA is now consolidating and might aim decline further below the $0.650 zone. ADA price started a fresh decline below $0.720 and $0.700. The price is trading below $0.70 and the 100-hourly simple moving average. There was a break below a bullish trend line with […]<\/p>\n","protected":false},"author":0,"featured_media":71739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71738","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\/71738"}],"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=71738"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/71739"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}