{"id":89768,"date":"2025-08-20T05:08:39","date_gmt":"2025-08-20T05:08:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89768"},"modified":"2025-08-20T05:08:39","modified_gmt":"2025-08-20T05:08:39","slug":"cardano-ada-pulls-back-will-bears-push-it-lower-again","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89768","title":{"rendered":"Cardano (ADA) Pulls Back, Will Bears Push It Lower Again?"},"content":{"rendered":"

Cardano price started a downside correction from the $1.020 zone. ADA is now showing some bearish signs and might decline toward $0.80.<\/em><\/p>\n

ADA price started a downside correction below the $0.920 support zone.
\nThe price is trading below $0.90 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $0.940 on the hourly chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could extend losses if it trades below the $0.80 region.<\/p>\n

Cardano Price Trims Gains<\/h2>\n

After a steady increase, Cardano faced sellers above the $1.00 level started a fresh decline, like Bitcoin<\/a> and Ethereum<\/a>. ADA traded below the $0.950 and $0.920 support levels.<\/p>\n

There was a move below the $0.90 support. The bears pushed the price below the 50% Fib retracement level of the upward move from the $0.7650 swing low to the $1.020 high. There is also a key bearish trend line forming with resistance at $0.940 on the hourly chart of the ADA\/USD pair.<\/p>\n

Cardano price is now trading below $0.90 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.880 zone.<\/p>\n

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

The first resistance is near $0.8920. The next key resistance might be $0.940. If there is a close above the $0.940 resistance and the trend line, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term.<\/p>\n

More Losses In ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $0.940 resistance level, it could start another decline. Immediate support on the downside is near the $0.840 level.<\/p>\n

The next major support is near the $0.8250 level and the 76.4% Fib retracement level of the upward move from the $0.7650 swing low to the $1.020 high. A downside break below the $0.8250 level could open the doors for a test of $0.80. The next major support is near the $0.780 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 $0.8400 and $0.8250.<\/p>\n

Major Resistance Levels \u2013 $0.9200 and $0.9400.<\/p>","protected":false},"excerpt":{"rendered":"

Cardano price started a downside correction from the $1.020 zone. ADA is now showing some bearish signs and might decline toward $0.80. ADA price started a downside correction below the $0.920 support zone. The price is trading below $0.90 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":89769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89768","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\/89768"}],"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=89768"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/89769"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}