{"id":76497,"date":"2025-06-27T05:08:10","date_gmt":"2025-06-27T05:08:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=76497"},"modified":"2025-06-27T05:08:10","modified_gmt":"2025-06-27T05:08:10","slug":"cardano-ada-bears-active-token-at-risk-of-another-leg-down","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=76497","title":{"rendered":"Cardano (ADA) Bears Active \u2014 Token at Risk of Another Leg Down"},"content":{"rendered":"

Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above the $0.550 support.<\/em><\/p>\n

ADA price started a fresh decline below $0.580 and $0.5750.
\nThe price is trading below $0.570 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $0.570 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 $0.550 support zone.<\/p>\n

Cardano Price Dips Again<\/h2>\n

In the past few sessions, Cardano saw a fresh decline below the $0.580, unlike Bitcoin<\/a> and Ethereum<\/a>. ADA even declined below the $0.5750 level to enter a bearish zone.<\/p>\n

The bears even pushed the price below the 23.6% Fib retracement level of the upward move from the $0.5102 swing low to the $0.5938 high. The price even spiked below the $0.5520 support. There is also a key bearish trend line forming with resistance at $0.570 on the hourly chart of the ADA\/USD pair.<\/p>\n

Cardano price is now trading below $0.570 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.570 zone. The first resistance is near $0.5850.<\/p>\n

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

The next key resistance might be $0.5920. If there is a close above the $0.5920 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.620 region. Any more gains might call for a move toward $0.6350 in the near term.<\/p>\n

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

If Cardano\u2019s price fails to climb above the $0.5850 resistance level, it could start another decline. Immediate support on the downside is near the $0.5520 level and the 50% Fib retracement level of the upward move from the $0.5102 swing low to the $0.5938 high.<\/p>\n

The next major support is near the $0.530 level. A downside break below the $0.530 level could open the doors for a test of $0.5120. The next major support is near the $0.50 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 $0.5520 and $0.5300.<\/p>\n

Major Resistance Levels \u2013 $0.5850 and $0.6000.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a fresh decline below the $0.5750 zone. ADA is now consolidating and might struggle to stay above the $0.550 support. ADA price started a fresh decline below $0.580 and $0.5750. The price is trading below $0.570 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance […]<\/p>\n","protected":false},"author":0,"featured_media":76498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76497","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\/76497"}],"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=76497"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/76497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/76498"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}