{"id":13579,"date":"2022-12-08T05:54:27","date_gmt":"2022-12-08T09:54:27","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=13579"},"modified":"2022-12-08T05:54:27","modified_gmt":"2022-12-08T09:54:27","slug":"cardano-ada-price-prediction-bears-target-fresh-lows-below-0-28","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/08\/cardano-ada-price-prediction-bears-target-fresh-lows-below-0-28\/","title":{"rendered":"Cardano (ADA) Price Prediction: Bears Target Fresh Lows Below $0.28"},"content":{"rendered":"

Cardano\u2019s price started a fresh decline after it failed to surpass $0.33. ADA remains at a risk of more losses below $0.30 and $0.28 in the near term.<\/em><\/p>\n

ADA price is showing a lot of bearish signs below the $0.320 support against the US dollar.
\nThe price is trading below $0.320 and the 100 simple moving average (4-hours).
\nThere was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could continue to move down below the $0.300 support zone.<\/p>\n

Cardano (ADA) Price Signals More Losses<\/h2>\n

In the past few days, cardano\u2019s price saw a steady decline from well above the $0.3250 level. The bears were able to push the price below the $0.320 and $0.315 support levels.<\/p>\n

The decline gained pace below the $0.314 level and the 100 simple moving average (4-hours). There was a move below the 50% Fib retracement level of the upward move from the $0.2997 swing low to $0.329 high. Besides, there was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA\/USD pair.<\/p>\n

The pair is now trading below $0.320 and the 100 simple moving average (4-hours), similar to bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $0.312 zone.<\/p>\n

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

Source: ADAUSD on TradingView.com<\/a><\/p>\n

The first major resistance is forming near the $0.320 zone. The main resistance is now forming near the $0.3320 level. If there is an upside break above the $0.332 and $0.335 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $0.40 level.<\/p>\n

More Losses?<\/h2>\n

If cardano\u2019s price fails to recover above the $0.320 and $0.332 resistance levels, it could continue to move down. An immediate support on the downside is near the $0.300 level.<\/p>\n

The main support is near the $0.290 level. A downside break below the $0.290 level could open the doors for a fresh decline towards $0.265 in the coming days. The next major support is near the $0.250 level.<\/p>\n

Technical Indicators<\/p>\n

4-hours MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.300, $0.290 and $0.265.<\/p>\n

Major Resistance Levels \u2013 $0.3200, $0.332 and $0.400.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Cardano\u2019s price started a fresh decline after it failed to surpass $0.33. ADA remains at a risk of more losses below $0.30 and $0.28 in the near term.<\/em><\/p>\n

ADA price is showing a lot of bearish signs below the $0.320 support against the US dollar.
\nThe price is trading below $0.320 and the 100 simple moving average (4-hours).
\nThere was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could continue to move down below the $0.300 support zone.<\/p>\n

Cardano (ADA) Price Signals More Losses<\/h2>\n

In the past few days, cardano\u2019s price saw a steady decline from well above the $0.3250 level. The bears were able to push the price below the $0.320 and $0.315 support levels.<\/p>\n

The decline gained pace below the $0.314 level and the 100 simple moving average (4-hours). There was a move below the 50% Fib retracement level of the upward move from the $0.2997 swing low to $0.329 high. Besides, there was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA\/USD pair.<\/p>\n

The pair is now trading below $0.320 and the 100 simple moving average (4-hours), similar to bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $0.312 zone.<\/p>\n

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

Source: ADAUSD on TradingView.com<\/a><\/p>\n

The first major resistance is forming near the $0.320 zone. The main resistance is now forming near the $0.3320 level. If there is an upside break above the $0.332 and $0.335 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $0.40 level.<\/p>\n

More Losses?<\/h2>\n

If cardano\u2019s price fails to recover above the $0.320 and $0.332 resistance levels, it could continue to move down. An immediate support on the downside is near the $0.300 level.<\/p>\n

The main support is near the $0.290 level. A downside break below the $0.290 level could open the doors for a fresh decline towards $0.265 in the coming days. The next major support is near the $0.250 level.<\/p>\n

Technical Indicators<\/p>\n

4-hours MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.300, $0.290 and $0.265.<\/p>\n

Major Resistance Levels \u2013 $0.3200, $0.332 and $0.400.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-13579","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=13579"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/13579\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=13579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=13579"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=13579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}