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{"id":576469,"date":"2024-02-23T04:28:45","date_gmt":"2024-02-23T04:28:45","guid":{"rendered":"https:\/\/wncen.com\/?p=576469"},"modified":"2024-06-11T07:46:57","modified_gmt":"2024-06-11T07:46:57","slug":"ada-price-reaches-key-juncture-555","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/ada-price-reaches-key-juncture-555\/","title":{"rendered":"ADA Price Reaches Key Juncture \u2013 Can Cardano Start A Fresh Surge?"},"content":{"rendered":"

Cardano (ADA) is correcting gains from the $0.642 resistance zone. ADA could start a fresh rally if it stays above the $0.5550 support zone.<\/em><\/p>\n

\n
ADA price is showing a few bearish signs below the $0.600 level.<\/li>\n
The price is trading above $0.5550 and the 100 simple moving average (4 hours).<\/li>\n
There was a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could attempt a fresh increase if the bulls remain active above the $0.570 support.<\/li>\n<\/ul>\n
Cardano Price Dips To Support<\/h2>\n
After forming a base above the $0.520 level, Cardano started a fresh increase. ADA price was able to climb above the $0.555 and $0.565 resistance levels to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
The bulls pushed the pair above the $0.600 resistance zone. However, the bears were active near the $0.6420 resistance zone. A high was formed near $0.6419 and the price started a downside correction. There was a move below the $0.600 level.<\/p>\n
There was also a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA\/USD pair. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4718 swing low to the $0.6419 high.<\/p>\n
ADA price is now trading below $0.600 and the 100 simple moving average (4 hours). The bulls might remain active near the $0.5700 support or the 50% Fib retracement level of the upward move from the $0.4718 swing low to the $0.6419 high.<\/p>\n
$\"ADA$ <\/a><\/p>\n
Source: ADAUSD on TradingView.com<\/a><\/p>\n
On the upside, immediate resistance is near the $0.600 zone. The first resistance is near $0.612. The next key resistance might be $0.620. If there is a close above the $0.620 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.642 region. Any more gains might call for a move toward $0.680.<\/p>\n
More Losses in ADA?<\/h2>\n
If Cardano\u2019s price fails to climb above the $0.600 resistance level, it could continue to move down. Immediate support on the downside is near the $0.570 level.<\/p>\n
The next major support is near the $0.5550 level. A downside break below the $0.5500 level could open the doors for a test of $0.5120. The next major support is near the $0.500 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 $0.570, $0.5550, and $0.5120.<\/p>\n
Major Resistance Levels \u2013 $0.600, $0.6120, and $0.6420.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) is correcting gains from the $0.642 resistance zone. ADA could start a fresh rally if it stays above the $0.5550 support zone. ADA price is showing a few bearish signs below the $0.600 level. The price is trading above $0.5550 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.570 support. Cardano Price Dips To Support After forming a base above the $0.520 level, Cardano started a fresh increase. ADA price was able to climb above the $0.555 and $0.565 resistance levels to move into a positive zone, like Bitcoin and Ethereum. The bulls pushed the pair above the $0.600 resistance zone. However, the bears were active near the $0.6420 resistance zone. A high was formed near $0.6419 and the price started a downside correction. There was a move below the $0.600 level. There was also a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA\/USD pair. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4718 swing low to the $0.6419 high. ADA price is now trading below $0.600 and the 100 simple moving average (4 hours). The bulls might remain active near the $0.5700 support or the 50% Fib retracement level of the upward move from the $0.4718 swing low to the $0.6419 high. Source: ADAUSD on TradingView.com On the upside, immediate resistance is near the $0.600 zone. The first resistance is near $0.612. The next key resistance might be $0.620. If there is a close above the $0.620 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.642 region. Any more gains might call for a move toward $0.680. More Losses in ADA? If Cardano\u2019s price fails to climb above the $0.600 resistance level, it could continue to move down. Immediate support on the downside is near the $0.570 level. The next major support is near the $0.5550 level. A downside break below the $0.5500 level could open the doors for a test of $0.5120. The next major support is near the $0.500 level. Technical Indicators 4 hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level. Major Support Levels \u2013 $0.570, $0.5550, and $0.5120. Major Resistance Levels \u2013 $0.600, $0.6120, and $0.6420.<\/p>\n","protected":false},"author":67,"featured_media":448275,"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":[79516,14643,79508,12332],"class_list":["post-576469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nADA Price Reaches Key Juncture \u2013 Can Cardano Start A Fresh Surge?<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) is correcting gains from the $0.642 resistance zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"ADA Price Reaches Key Juncture \u2013 Can Cardano Start A Fresh Surge?","url":"http:\/\/wncen.com\/news\/cardano\/ada-price-reaches-key-juncture-555\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/ada-price-reaches-key-juncture-555\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_78872860_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["adabtc","adausd","adausdt","cardano"],"dateCreated":"2024-02-23T04:28:45Z","datePublished":"2024-02-23T04:28:45Z","dateModified":"2024-06-11T07:46:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ADA Price Reaches Key Juncture \\u2013 Can Cardano Start A Fresh Surge?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/ada-price-reaches-key-juncture-555\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/ada-price-reaches-key-juncture-555\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Depositphotos_78872860_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"adabtc\",\"adausd\",\"adausdt\",\"cardano\"],\"dateCreated\":\"2024-02-23T04:28:45Z\",\"datePublished\":\"2024-02-23T04:28:45Z\",\"dateModified\":\"2024-06-11T07:46:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/10\/Depositphotos_78872860_s-2019.jpg?fit=999%2C636","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576469"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=576469"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/448275"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=576469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=576469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=576469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}