{"id":73816,"date":"2025-06-17T05:08:10","date_gmt":"2025-06-17T05:08:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=73816"},"modified":"2025-06-17T05:08:10","modified_gmt":"2025-06-17T05:08:10","slug":"cardano-ada-faces-trouble-at-key-support-is-a-breakdown-looming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=73816","title":{"rendered":"Cardano (ADA) Faces Trouble at Key Support \u2014 Is a Breakdown Looming?"},"content":{"rendered":"

Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support.<\/em><\/p>\n

ADA price started a fresh decline below $0.70 and $0.680.
\nThe price is trading below $0.680 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $0.630 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 $0.620 support zone.<\/p>\n

Cardano Price Dips Further<\/h2>\n

In the past few days, Cardano saw a fresh decline below the $0.720, unlike Bitcoin<\/a> and Ethereum<\/a>. ADA even declined below the $0.70 level to enter a bearish zone.<\/p>\n

The bears even pushed the price below the $0.680 level. A low was formed at $0.6134 and the price recently corrected some losses. There was a move above the $0.620 and $0.6350 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low.<\/p>\n

However, the bears remained active near $0.6560. Cardano price is now trading above $0.620 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA\/USD pair.<\/p>\n

On the upside, the price might face resistance near the $0.650 zone. The first resistance is near $0.6560. The next key resistance might be $0.6720. It is close to the 50% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low.<\/p>\n

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

If there is a close above the $0.6720 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.70 region. Any more gains might call for a move toward $0.7350 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.630 level.<\/p>\n

The next major support is near the $0.620 level. A downside break below the $0.620 level could open the doors for a test of $0.60. The next major support is near the $0.5650 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 $0.630 and $0.620.<\/p>\n

Major Resistance Levels \u2013 $0.6560 and $0.6720.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support. ADA price started a fresh decline below $0.70 and $0.680. The price is trading below $0.680 and the 100-hourly simple moving average. There is a key bullish trend line forming with support […]<\/p>\n","protected":false},"author":0,"featured_media":73817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73816","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\/73816"}],"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=73816"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/73817"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}