{"id":640184,"date":"2024-09-06T04:18:56","date_gmt":"2024-09-06T04:18:56","guid":{"rendered":"https:\/\/wncen.com\/?p=640184"},"modified":"2024-09-06T03:28:31","modified_gmt":"2024-09-06T03:28:31","slug":"cardano-ada-recovery-0-3360","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/ada\/cardano-ada-recovery-0-3360\/","title":{"rendered":"Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?"},"content":{"rendered":"<p><em>Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance.<\/em><\/p>\n<ul>\n<li>ADA price started a recovery wave from the $0.3050 level.<\/li>\n<li>The price is trading above $0.320 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to move up if it remains stable above the $0.3200 support zone.<\/li>\n<\/ul>\n<h2>Cardano Price Shows Signs of Steady Recovery<\/h2>\n<p>After a major decline, Cardano found support above the $0.30 zone. A low was formed at $0.3050 and the price is now attempting a recovery wave like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-struggles-58500\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-recovery-2500\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>The price climbed above the $0.3200 and $0.3220 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $0.3673 swing high to the $0.3050 low. Besides, there was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA\/USD pair.<\/p>\n<p>Cardano price is now trading above $0.4220 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.330 zone. The first resistance is near $0.3360 or the 50% Fib retracement level of the downward move from the $0.3673 swing high to the $0.3050 low.<\/p>\n<figure id=\"attachment_640185\" aria-describedby=\"caption-attachment-640185\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-640185 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?resize=1024%2C461\" alt=\"Cardano Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-640185\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ADAUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">ADAUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The next key resistance might be $0.3450. If there is a close above the $0.3450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.3680 region. Any more gains might call for a move toward $0.400.<\/p>\n<h2>Another Decline in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.3360 resistance level, it could start another decline. Immediate support on the downside is near the $0.320 level.<\/p>\n<p>The next major support is near the $0.3120 level. A downside break below the $0.3120 level could open the doors for a test of $0.3050. The next major support is near the $0.3000 level where the bulls might emerge.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.3200 and $0.3050.<\/p>\n<p>Major Resistance Levels \u2013 $0.3360 and $0.3450.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance. ADA price started a recovery wave from the $0.3050 level. The price is trading above $0.320 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could continue to move up if it remains stable above the $0.3200 support zone. Cardano Price Shows Signs of Steady Recovery After a major decline, Cardano found support above the $0.30 zone. A low was formed at $0.3050 and the price is now attempting a recovery wave like Bitcoin and Ethereum. The price climbed above the $0.3200 and $0.3220 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $0.3673 swing high to the $0.3050 low. Besides, there was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA\/USD pair. Cardano price is now trading above $0.4220 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.330 zone. The first resistance is near $0.3360 or the 50% Fib retracement level of the downward move from the $0.3673 swing high to the $0.3050 low. The next key resistance might be $0.3450. If there is a close above the $0.3450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.3680 region. Any more gains might call for a move toward $0.400. Another Decline in ADA? If Cardano\u2019s price fails to climb above the $0.3360 resistance level, it could start another decline. Immediate support on the downside is near the $0.320 level. The next major support is near the $0.3120 level. A downside break below the $0.3120 level could open the doors for a test of $0.3050. The next major support is near the $0.3000 level where the bulls might emerge. Technical Indicators Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level. Major Support Levels \u2013 $0.3200 and $0.3050. Major Resistance Levels \u2013 $0.3360 and $0.3450.<\/p>\n","protected":false},"author":67,"featured_media":640186,"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-640184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n<title>Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?<\/title>\n<meta name=\"description\" content=\"Cardano price found support near the $0.3050 level. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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":"Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?","url":"http:\/\/wncen.com\/analysis\/ada\/cardano-ada-recovery-0-3360\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/ada\/cardano-ada-recovery-0-3360\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA-Recovery.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano-ADA-Recovery.jpg?fit=1792%2C1024"},"articleSection":"ADA","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":"2024-09-06T04:18:56Z","datePublished":"2024-09-06T04:18:56Z","dateModified":"2024-09-06T04:18:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/ada\\\/cardano-ada-recovery-0-3360\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/ada\\\/cardano-ada-recovery-0-3360\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Cardano-ADA-Recovery.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Cardano-ADA-Recovery.jpg?fit=1792%2C1024\"},\"articleSection\":\"ADA\",\"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\":\"2024-09-06T04:18:56Z\",\"datePublished\":\"2024-09-06T04:18:56Z\",\"dateModified\":\"2024-09-06T04:18:56Z\"}<\/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\/2024\/09\/Cardano-ADA-Recovery.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/640184"}],"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=640184"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/640184\/revisions"}],"predecessor-version":[{"id":640188,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/640184\/revisions\/640188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/640186"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=640184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=640184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=640184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}