{"id":521546,"date":"2023-03-02T06:28:14","date_gmt":"2023-03-02T06:28:14","guid":{"rendered":"https:\/\/wncen.com\/?p=521546"},"modified":"2024-06-11T14:32:59","modified_gmt":"2024-06-11T14:32:59","slug":"cardano-ada-price-revisits-key-support-0-35","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-ada-price-revisits-key-support-0-35\/","title":{"rendered":"Cardano (ADA) Price Revisits Key Support, Can Bulls Save The Day?"},"content":{"rendered":"<p><em>Cardano\u2019s price started a fresh decline from the $0.42 resistance. ADA could decline further if it fails to stay above the $0.348 support zone.<\/em><\/p>\n<ul>\n<li>ADA price is struggling and trading near the $0.35 support zone against the US dollar.<\/li>\n<li>The price is trading below $0.370 and the 100 simple moving average (4-hours).<\/li>\n<li>There is a major bearish trend line forming with resistance near $0.370 on the 4-hours chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to decline if there is a downside break below the $0.348 support.<\/li>\n<\/ul>\n<h2>Cardano\u2019s ADA Price Climbs Above Hurdle<\/h2>\n<p>After struggling to gain pace above the $0.42 resistance, cardano\u2019s price started a fresh decline. The price declined below the $0.40 and $0.38 support levels to move into a bearish zone, unlike <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-barrier-24000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-vulnerable-1700\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">ethereum<\/a>.<\/p>\n<p>The decline gained pace below the $0.35 level and the 100 simple moving average (4-hours). Finally, the bulls took a stand near the key $0.35 support zone. A low is formed near $0.3489 and the price is now consolidating losses. ADA price is trading below $0.370 and the 100 simple moving average (4-hours).<\/p>\n<p>On the upside, an immediate resistance is near the $0.3660 zone. It is near the 23.6% Fib retracement level of the main decline from the $0.4213 swing high to $0.3489 low.<\/p>\n<p>The next major resistance is forming near the $0.370 zone. There is also a major bearish trend line forming with resistance near $0.370 on the 4-hours chart of the ADA\/USD pair. If there is an upside break above the $0.370 and $0.372 resistance levels, the price could start a fresh increase.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-521547\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?resize=1834%2C845\" alt=\"Cardano (ADA) Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Cardano-ADA.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ADAUSD on TradingView.com<\/a><\/p>\n<p>In the stated case, the price could rise steadily towards the $0.385 level or the 50% Fib retracement level of the main decline from the $0.4213 swing high to $0.3489 low. The next major hurdle is near the $0.40 zone.<\/p>\n<h2>Downside Break?<\/h2>\n<p>If cardano\u2019s price fails to climb above the $0.366 and $0.370 resistance levels, it could start a fresh decline. An immediate support on the downside is near the $0.350 level.<\/p>\n<p>The next major support is near the $0.348 level. A downside break below the $0.348 level could open the doors for a fresh decline towards $0.32. The next major support is near the $0.30 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.350, $0.348 and $0.32.<\/p>\n<p>Major Resistance Levels \u2013 $0.366, $0.37 and $0.385.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s price started a fresh decline from the $0.42 resistance. ADA could decline further if it fails to stay above the $0.348 support zone. ADA price is struggling and trading near the $0.35 support zone against the US dollar. The price is trading below $0.370 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.370 on the 4-hours chart of the ADA\/USD pair (data source from Kraken). The pair could continue to decline if there is a downside break below the $0.348 support. Cardano\u2019s ADA Price Climbs Above Hurdle After struggling to gain pace above the $0.42 resistance, cardano\u2019s price started a fresh decline. The price declined below the $0.40 and $0.38 support levels to move into a bearish zone, unlike bitcoin and ethereum. The decline gained pace below the $0.35 level and the 100 simple moving average (4-hours). Finally, the bulls took a stand near the key $0.35 support zone. A low is formed near $0.3489 and the price is now consolidating losses. ADA price is trading below $0.370 and the 100 simple moving average (4-hours). On the upside, an immediate resistance is near the $0.3660 zone. It is near the 23.6% Fib retracement level of the main decline from the $0.4213 swing high to $0.3489 low. The next major resistance is forming near the $0.370 zone. There is also a major bearish trend line forming with resistance near $0.370 on the 4-hours chart of the ADA\/USD pair. If there is an upside break above the $0.370 and $0.372 resistance levels, the price could start a fresh increase. Source: ADAUSD on TradingView.com In the stated case, the price could rise steadily towards the $0.385 level or the 50% Fib retracement level of the main decline from the $0.4213 swing high to $0.3489 low. The next major hurdle is near the $0.40 zone. Downside Break? If cardano\u2019s price fails to climb above the $0.366 and $0.370 resistance levels, it could start a fresh decline. An immediate support on the downside is near the $0.350 level. The next major support is near the $0.348 level. A downside break below the $0.348 level could open the doors for a fresh decline towards $0.32. The next major support is near the $0.30 level. Technical Indicators 4-hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level. Major Support Levels \u2013 $0.350, $0.348 and $0.32. Major Resistance Levels \u2013 $0.366, $0.37 and $0.385.<\/p>\n","protected":false},"author":67,"featured_media":447220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,14643,79508,12332],"class_list":["post-521546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n<title>Cardano (ADA) Price Revisits Key Support, Can Bulls Save The Day?<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s price started a fresh decline from the $0.42 resistance. 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