{"id":653970,"date":"2024-11-20T05:08:24","date_gmt":"2024-11-20T05:08:24","guid":{"rendered":"https:\/\/wncen.com\/?p=653970"},"modified":"2024-11-20T03:56:57","modified_gmt":"2024-11-20T03:56:57","slug":"cardano-ada-new-gains-0-7880","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/ada\/cardano-ada-new-gains-0-7880\/","title":{"rendered":"Cardano (ADA) Sets Sights on New Gains: Is a Surge Imminent?"},"content":{"rendered":"<p><em>Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880.<\/em><\/p>\n<ul>\n<li>ADA price started a downside correction after a strong rally toward $0.8200.<\/li>\n<li>The price is trading above $0.740 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start another increase if it clears the $0.7880 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Holds Gains Above Support<\/h2>\n<p>In the past few days, Cardano saw a major increase above the $0.50 resistance. ADA outpaced <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-rise-94k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-challenges-3220\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move above the $0.650 and $0.750 resistance levels.<\/p>\n<p>It even cleared the $0.800 level. A high was formed at $0.8199 before there was a pullback. The price tested the $0.6880 support and is currently rising. There was a move above the $0.740 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low.<\/p>\n<p>Besides, there was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA\/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average.<\/p>\n<p>On the upside, the price might face resistance near the $0.7750 zone. The first resistance is near $0.7880 or the 76.4% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. The next key resistance might be $0.8180.<\/p>\n<figure id=\"attachment_653971\" aria-describedby=\"caption-attachment-653971\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-653971 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-653971\" 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>If there is a close above the $0.8180 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8800 region. Any more gains might call for a move toward $0.950.<\/p>\n<h2>Are Dips Supported in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.7880 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level.<\/p>\n<p>The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.6880. The next major support is near the $0.600 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 $0.7400 and $0.7200.<\/p>\n<p>Major Resistance Levels \u2013 $0.7880 and $0.8180.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880. ADA price started a downside correction after a strong rally toward $0.8200. The price is trading above $0.740 and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7880 resistance zone. Cardano Price Holds Gains Above Support In the past few days, Cardano saw a major increase above the $0.50 resistance. ADA outpaced Bitcoin and Ethereum. There was a move above the $0.650 and $0.750 resistance levels. It even cleared the $0.800 level. A high was formed at $0.8199 before there was a pullback. The price tested the $0.6880 support and is currently rising. There was a move above the $0.740 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. Besides, there was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA\/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.7750 zone. The first resistance is near $0.7880 or the 76.4% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. The next key resistance might be $0.8180. If there is a close above the $0.8180 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8800 region. Any more gains might call for a move toward $0.950. Are Dips Supported in ADA? If Cardano\u2019s price fails to climb above the $0.7880 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level. The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.6880. The next major support is near the $0.600 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 $0.7400 and $0.7200. Major Resistance Levels \u2013 $0.7880 and $0.8180.<\/p>\n","protected":false},"author":67,"featured_media":653972,"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-653970","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) Sets Sights on New Gains: Is a Surge Imminent?<\/title>\n<meta name=\"description\" content=\"Cardano price started a consolidation phase above the $0.700 zone. 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