{"id":507954,"date":"2022-10-26T13:37:10","date_gmt":"2022-10-26T13:37:10","guid":{"rendered":"https:\/\/wncen.com\/?p=507954"},"modified":"2024-06-11T12:59:22","modified_gmt":"2024-06-11T12:59:22","slug":"cardano-rebounds-with-12-as-price-nears-resistance-is-0-5-possible","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano-rebounds-with-12-as-price-nears-resistance-is-0-5-possible\/","title":{"rendered":"Cardano Rebounds With 12% As Price Nears Resistance, Is $0.5 Possible?"},"content":{"rendered":"<ul>\n<li><strong><span data-preserver-spaces=\"true\">ADA&#8217;s price shows strength as price bounces from a downtrend with strong volume as price eyes a rally to $0.5.<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">ADA faces rejection to trend higher above $0.4 as the price faced a sharp rejection below key resistance.<\/span><\/strong><\/li>\n<li><strong><strong><span data-preserver-spaces=\"true\">The price of ADA continues to hold strong below the 50 <a href=\"https:\/\/www.investopedia.com\/terms\/e\/ema.asp\" target=\"_blank\" rel=\"noopener nofollow\">Exponential Moving Average<\/a> (EMA) as the price aims to rally past key areas.<\/span><\/strong><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The price of Cardano (ADA) has continued to hold strong as price trends toward the region of $0.4, facing rejection to trend higher to a region of $0.5. The crypto market has looked more decent this week, with Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. This new relief rally across the crypto market has positively impacted smaller coins like Cardano (ADA) as price rallied from its downtrend movement to a high of $0.4 as price attempted to break its key resistance. (Data from Binance)<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/reasons-behind-the-bitcoin-price-rally-is-it-sustainable\/\" target=\"_blank\" rel=\"noopener \">Reasons Behind The Bitcoin Price Rally \u2013 Is It Sustainable?<\/a><\/p>\n<h2><span data-preserver-spaces=\"true\">Cardano (ADA) Price Analysis On The Weekly Chart.<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Although many altcoins have struggled to trend in a range market, the price of ADA has seen more of a downtrend move as the price of ADA dropped from a high of $3 to $0.3, seeing more than a 70% decline in its price.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">ADA&#8217;s price recently declined from an all-time high of more than $3 to a region of $0.75 before rallying to a high of $1.3. ADA&#8217;s price faced resistance from $1.3 to breaking higher.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After the price of ADA was rejected at $1.3, it fell to a region of $0.4, where it appeared to have formed strong Support and, most likely, a demand zone for future buy orders, but this wasn&#8217;t the case as the price dropped a bit further to a weekly low of $0.35. The price of ADA rallied from $0.35 to a high of $0.4 as the price aimed to go higher to $0.5.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The overall structure of ADA appears to be favorable, with a high probability of price retesting the $0.5 and higher ranges. If ADA fails to break and hold above $0.43, we may see a retest of $0.35.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the price of ADA &#8211; $0.45-$0.5.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly Support for the price of ADA &#8211; $0.35.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of ADA On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_507956\" aria-describedby=\"caption-attachment-507956\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-507956\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/ADAUSDT_2022-10-26_14-27-28.png?resize=860%2C569\" alt=\"\" width=\"860\" height=\"569\"><figcaption id=\"caption-attachment-507956\" class=\"wp-caption-text\">Daily ADA Price Chart | Source: ADAUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/TjqcZqip\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In the daily timeframe, the price of ADA continues to hold strong and trade above the key Support formed at $0.35 after the price rallied from its daily low, with the current market looking favorable for most crypto assets.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of ADA needs to break and hold above 50 EMA, acting as a strong resistance to the price of ADA. The price of $0.4 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $0.5.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the ADA price &#8211; $0.42.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily Support for the ADA price &#8211; $0.35.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/why-these-major-crypto-wallets-acquired-over-100-million-xrp-in-last-24-hours\/\" target=\"_blank\" rel=\"noopener \">Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours<\/a><\/div>\n<pre style=\"text-align: center\"><span data-preserver-spaces=\"true\">Featured Image From Blockbuild, Charts From Tradingview <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>ADA&#8217;s price shows strength as price bounces from a downtrend with strong volume as price eyes a rally to $0.5. ADA faces rejection to trend higher above $0.4 as the price faced a sharp rejection below key resistance. The price of ADA continues to hold strong below the 50 Exponential Moving Average (EMA) as the price aims to rally past key areas. The price of Cardano (ADA) has continued to hold strong as price trends toward the region of $0.4, facing rejection to trend higher to a region of $0.5. The crypto market has looked more decent this week, with Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. This new relief rally across the crypto market has positively impacted smaller coins like Cardano (ADA) as price rallied from its downtrend movement to a high of $0.4 as price attempted to break its key resistance. (Data from Binance) Related Reading: Reasons Behind The Bitcoin Price Rally \u2013 Is It Sustainable? Cardano (ADA) Price Analysis On The Weekly Chart. Although many altcoins have struggled to trend in a range market, the price of ADA has seen more of a downtrend move as the price of ADA dropped from a high of $3 to $0.3, seeing more than a 70% decline in its price. ADA&#8217;s price recently declined from an all-time high of more than $3 to a region of $0.75 before rallying to a high of $1.3. ADA&#8217;s price faced resistance from $1.3 to breaking higher. After the price of ADA was rejected at $1.3, it fell to a region of $0.4, where it appeared to have formed strong Support and, most likely, a demand zone for future buy orders, but this wasn&#8217;t the case as the price dropped a bit further to a weekly low of $0.35. The price of ADA rallied from $0.35 to a high of $0.4 as the price aimed to go higher to $0.5. The overall structure of ADA appears to be favorable, with a high probability of price retesting the $0.5 and higher ranges. If ADA fails to break and hold above $0.43, we may see a retest of $0.35. Weekly resistance for the price of ADA &#8211; $0.45-$0.5. Weekly Support for the price of ADA &#8211; $0.35. Price Analysis Of ADA On The Daily (1D) Chart In the daily timeframe, the price of ADA continues to hold strong and trade above the key Support formed at $0.35 after the price rallied from its daily low, with the current market looking favorable for most crypto assets.\u00a0 The price of ADA needs to break and hold above 50 EMA, acting as a strong resistance to the price of ADA. The price of $0.4 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $0.5.\u00a0 Daily resistance for the ADA price &#8211; $0.42. Daily Support for the ADA price &#8211; $0.35. Related Reading: Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours Featured Image From Blockbuild, Charts From Tradingview<\/p>\n","protected":false},"author":566,"featured_media":507959,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,84005,12332],"class_list":["post-507954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-ada-price","tag-cardano"],"acf":[],"yoast_head":"\n<title>Cardano Rebounds With 12% As Price Nears Resistance, Is $0.5 Possible?<\/title>\n<meta name=\"description\" content=\"The price of Cardano (ADA) has continued to hold strong as price trends toward the region of $0.4, facing rejection to trend higher\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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