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{"id":662040,"date":"2024-12-13T05:08:09","date_gmt":"2024-12-13T05:08:09","guid":{"rendered":"https:\/\/wncen.com\/?p=662040"},"modified":"2024-12-13T04:11:05","modified_gmt":"2024-12-13T04:11:05","slug":"cardano-ada-uptrend-1-180","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/ada\/cardano-ada-uptrend-1-180\/","title":{"rendered":"Cardano (ADA) Uptrend Faces Hurdles: Will Bulls Break the Barrier?"},"content":{"rendered":"

Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels.<\/em><\/p>\n

\n
ADA price started a decent increase from the $0.910 support zone.<\/li>\n
The price is trading above $1.050 and the 100-hourly simple moving average.<\/li>\n
There is a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could start another increase if it clears the $1.180 resistance zone.<\/li>\n<\/ul>\n
Cardano Price Eyes Upside Break<\/h2>\n
After forming a base above the $1.00 level, Cardano started a fresh increase like Bitcoin<\/a> and Ethereum<\/a>. ADA was able to climb above the $1.050 and $1.120 resistance levels.<\/p>\n
However, the bears were active below the $1.20 level. A high was formed at $1.1781 and the price is now consolidating gains. There was a minor decline below the $1.120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high.<\/p>\n
Cardano price is now trading above $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.150 zone. There is also a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair.<\/p>\n
$\"Cardano$ <\/a>
Source: ADAUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The first resistance is near $1.180. The next key resistance might be $1.20. If there is a close above the $1.2 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.2280 region. Any more gains might call for a move toward $1.250.<\/p>\n
Another Decline in ADA?<\/h2>\n
If Cardano\u2019s price fails to climb above the $1.180 resistance level, it could start another decline. Immediate support on the downside is near the $1.10750 level.<\/p>\n
The next major support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high. A downside break below the $1.050 level could open the doors for a test of $1.00. The next major support is near the $0.920 level where the bulls might emerge.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $1.070 and $1.050.<\/p>\n
Major Resistance Levels \u2013 $1.160 and $1.180.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels. ADA price started a decent increase from the $0.910 support zone. The price is trading above $1.050 and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.180 resistance zone. Cardano Price Eyes Upside Break After forming a base above the $1.00 level, Cardano started a fresh increase like Bitcoin and Ethereum. ADA was able to climb above the $1.050 and $1.120 resistance levels. However, the bears were active below the $1.20 level. A high was formed at $1.1781 and the price is now consolidating gains. There was a minor decline below the $1.120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high. Cardano price is now trading above $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.150 zone. There is also a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair. The first resistance is near $1.180. The next key resistance might be $1.20. If there is a close above the $1.2 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.2280 region. Any more gains might call for a move toward $1.250. Another Decline in ADA? If Cardano\u2019s price fails to climb above the $1.180 resistance level, it could start another decline. Immediate support on the downside is near the $1.10750 level. The next major support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high. A downside break below the $1.050 level could open the doors for a test of $1.00. The next major support is near the $0.920 level where the bulls might emerge. Technical Indicators Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level. Major Support Levels \u2013 $1.070 and $1.050. Major Resistance Levels \u2013 $1.160 and $1.180.<\/p>\n","protected":false},"author":67,"featured_media":610329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83371],"tags":[79516,14643,79508,12332],"class_list":["post-662040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nCardano (ADA) Uptrend Faces Hurdles: Will Bulls Break the Barrier?<\/title>\n<meta name=\"description\" content=\"Cardano price started a downside correction from the $1.1780 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. 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