{"id":548790,"date":"2023-08-25T04:48:27","date_gmt":"2023-08-25T04:48:27","guid":{"rendered":"https:\/\/wncen.com\/?p=548790"},"modified":"2024-06-11T08:31:21","modified_gmt":"2024-06-11T08:31:21","slug":"ada-price-dips-0-252","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/ada-price-dips-0-252\/","title":{"rendered":"ADA Price Dips Worth Buying? What Key Market Indicators Suggest"},"content":{"rendered":"<p><em>Cardano\u2019s price started a fresh decline below $0.280. ADA is struggling and key indicators suggest high chances of more downsides below $0.252.<\/em><\/p>\n<ul>\n<li>ADA price is gaining bearish momentum below the $0.285 level against the US dollar.<\/li>\n<li>The price is trading above $0.280 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a recovery wave if there is a close above the $0.280 resistance.<\/li>\n<\/ul>\n<h2>Cardano\u2019s ADA Price Faces Uphill Task<\/h2>\n<p>In the past few days, Cardano\u2019s price saw a fresh decline from well above $0.288. The price traded below the $0.285 and $0.280 support levels to move into a bearish zone, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-range-26000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-whales-accumulate-1620\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price even declined below $0.265 and tested the $0.245 support. A low is formed near $0.2455 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.3018 swing high to the $0.2455 low.<\/p>\n<p>However, the bears are active near the $0.270 zone. ADA price is now trading below $0.280 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA\/USD pair.<\/p>\n<p>On the upside, immediate resistance is near the $0.270 zone. The first major resistance is forming near the $0.274 zone and the trend line. It is close to the 50% Fib retracement level of the downward move from the $0.3018 swing high to the $0.2455 low.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-548791\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?resize=1024%2C468\" alt=\"ADA Price\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Cardano-ADA-1.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/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>The next key resistance might be $0.280. If there is a close above the $0.280 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.300 resistance zone.<\/p>\n<h2>More Losses?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.274 resistance level, it could start another decline. Immediate support on the downside is near the $0.252 level.<\/p>\n<p>The next major support is near the $0.2455 level. A downside break below the $0.2455 level could open the doors for a sharp fresh decline toward $0.220. The next major support is near the $0.200 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for ADA\/USD is gaining 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 $0.252, $0.2455, and $0.220.<\/p>\n<p>Major Resistance Levels \u2013 $0.270, $0.274, and $0.280.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s price started a fresh decline below $0.280. ADA is struggling and key indicators suggest high chances of more downsides below $0.252. ADA price is gaining bearish momentum below the $0.285 level against the US dollar. The price is trading above $0.280 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could start a recovery wave if there is a close above the $0.280 resistance. Cardano\u2019s ADA Price Faces Uphill Task In the past few days, Cardano\u2019s price saw a fresh decline from well above $0.288. The price traded below the $0.285 and $0.280 support levels to move into a bearish zone, similar to Bitcoin and Ethereum. The price even declined below $0.265 and tested the $0.245 support. A low is formed near $0.2455 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.3018 swing high to the $0.2455 low. However, the bears are active near the $0.270 zone. ADA price is now trading below $0.280 and the 100 simple moving average (4 hours). There is also a major bearish trend line forming with resistance near $0.274 on the 4-hour chart of the ADA\/USD pair. On the upside, immediate resistance is near the $0.270 zone. The first major resistance is forming near the $0.274 zone and the trend line. It is close to the 50% Fib retracement level of the downward move from the $0.3018 swing high to the $0.2455 low. Source: ADAUSD on TradingView.com The next key resistance might be $0.280. If there is a close above the $0.280 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.300 resistance zone. More Losses? If Cardano\u2019s price fails to climb above the $0.274 resistance level, it could start another decline. Immediate support on the downside is near the $0.252 level. The next major support is near the $0.2455 level. A downside break below the $0.2455 level could open the doors for a sharp fresh decline toward $0.220. The next major support is near the $0.200 level. Technical Indicators 4 hours MACD \u2013 The MACD for ADA\/USD is gaining 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 $0.252, $0.2455, and $0.220. Major Resistance Levels \u2013 $0.270, $0.274, and $0.280.<\/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-548790","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>ADA Price Dips Worth Buying? What Key Market Indicators Suggest<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s price started a fresh decline below $0.280. 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