{"id":568820,"date":"2024-01-10T05:28:46","date_gmt":"2024-01-10T05:28:46","guid":{"rendered":"https:\/\/wncen.com\/?p=568820"},"modified":"2024-06-11T14:44:14","modified_gmt":"2024-06-11T14:44:14","slug":"ada-price-faces-key-hurdle-0-55","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/ada-price-faces-key-hurdle-0-55\/","title":{"rendered":"ADA Price Faces Key Hurdle, Can Cardano Surpass This To Start Fresh Rally?"},"content":{"rendered":"
Cardano (ADA) is attempting a recovery wave from the $0.4650 zone. ADA could start a fresh rally if there is a close above the $0.550 resistance.<\/em><\/p>\n
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ADA price is moving higher from the $0.4650 zone.<\/li>\n
The price is trading below $0.570 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.545 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could accelerate higher if there is a clear move above $0.545 and $0.550.<\/li>\n<\/ul>\n
Cardano Price Attempts Fresh Increase<\/h2>\n
After a strong rally, Cardano faced sellers near the $0.675 zone. ADA started a fresh decline below the $0.620 and $0.600 support levels, unlike Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n