{"id":25920,"date":"2023-06-26T06:52:57","date_gmt":"2023-06-26T10:52:57","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=25920"},"modified":"2023-06-26T06:52:57","modified_gmt":"2023-06-26T10:52:57","slug":"ada-price-cardano-could-see-liftoff-if-its-able-to-hold-one-crucial-level","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/26\/ada-price-cardano-could-see-liftoff-if-its-able-to-hold-one-crucial-level\/","title":{"rendered":"ADA Price (Cardano) Could See \u201cLiftoff\u201d if It\u2019s Able to Hold One Crucial Level"},"content":{"rendered":"

Cardano\u2019s price is attempting a recovery wave above $0.775. ADA could gain bullish momentum if it settles above the $0.3050 resistance zone.<\/em><\/p>\n

ADA price is slowly moving higher from the $0.250 zone against the US dollar.
\nThe price is trading above $0.275 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.2780 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start a decent increase if it settles above the $0.3050 resistance zone.<\/p>\n

Cardano\u2019s ADA Price Eyes Upside Break<\/h2>\n

This past week, Cardano\u2019s price started a decent recovery wave from the $0.250 support zone. The bulls managed to push the price above the $0.265 and $0.272 resistance levels.<\/p>\n

It even spiked above the $0.300 resistance. A high is formed near $0.3047 and the price is now consolidating gains, similar to Bitcoin<\/a> and Ethereum<\/a>. It is trading below the 23.6% Fib retracement level of the upward move from the $0.2524 swing low to the $0.3047 high.<\/p>\n

ADA is now trading above $0.275 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.2780 on the 4-hour chart of the ADA\/USD pair.<\/p>\n\n

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

On the upside, immediate resistance is near the $0.300 zone. The next major resistance is forming near the $0.305 zone. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone. The next key resistance might be $0.348, above which it could test $0.40.<\/p>\n

Fresh Decline in ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $0.300 and $0.305 resistance levels, it could start another decline. Immediate support on the downside is near the $0.380 level and the trend line.<\/p>\n

The next major support is near the $0.275 level or the 61.8% Fib retracement level of the upward move from the $0.2524 swing low to the $0.3047 high. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.254. The next major support is near the $0.232 level.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bullish 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 $0.280, $0.275, and $0.254.<\/p>\n

Major Resistance Levels \u2013 $0.300, $0.305, and $0.348.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Cardano\u2019s price is attempting a recovery wave above $0.775. ADA could gain bullish momentum if it settles above the $0.3050 resistance zone.<\/em><\/p>\n

ADA price is slowly moving higher from the $0.250 zone against the US dollar.
\nThe price is trading above $0.275 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.2780 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).
\nThe pair could start a decent increase if it settles above the $0.3050 resistance zone.<\/p>\n

Cardano\u2019s ADA Price Eyes Upside Break<\/h2>\n

This past week, Cardano\u2019s price started a decent recovery wave from the $0.250 support zone. The bulls managed to push the price above the $0.265 and $0.272 resistance levels.<\/p>\n

It even spiked above the $0.300 resistance. A high is formed near $0.3047 and the price is now consolidating gains, similar to Bitcoin<\/a> and Ethereum<\/a>. It is trading below the 23.6% Fib retracement level of the upward move from the $0.2524 swing low to the $0.3047 high.<\/p>\n

ADA is now trading above $0.275 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.2780 on the 4-hour chart of the ADA\/USD pair.<\/p>\n

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

On the upside, immediate resistance is near the $0.300 zone. The next major resistance is forming near the $0.305 zone. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone. The next key resistance might be $0.348, above which it could test $0.40.<\/p>\n

Fresh Decline in ADA?<\/h2>\n

If Cardano\u2019s price fails to climb above the $0.300 and $0.305 resistance levels, it could start another decline. Immediate support on the downside is near the $0.380 level and the trend line.<\/p>\n

The next major support is near the $0.275 level or the 61.8% Fib retracement level of the upward move from the $0.2524 swing low to the $0.3047 high. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.254. The next major support is near the $0.232 level.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bullish 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 $0.280, $0.275, and $0.254.<\/p>\n

Major Resistance Levels \u2013 $0.300, $0.305, and $0.348.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-25920","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\/25920","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=25920"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25920\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25920"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}