{"id":541429,"date":"2023-07-06T05:21:19","date_gmt":"2023-07-06T05:21:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=541429"},"modified":"2024-06-11T14:38:23","modified_gmt":"2024-06-11T14:38:23","slug":"ada-price-cardano-declines-0-262","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/ada-price-cardano-declines-0-262\/","title":{"rendered":"ADA Price Indicators Suggest Cardano at Clear Risk of Further Declines"},"content":{"rendered":"<p><em>Cardano\u2019s price is declining from the $0.30 zone. ADA could continue to move down if it breaks the $0.280 support zone in the near term.<\/em><\/p>\n<ul>\n<li>ADA price is moving lower from the $0.302 zone against the US dollar.<\/li>\n<li>The price is trading below $0.290 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could slide further toward the $0.264 support zone.<\/li>\n<\/ul>\n<h2>Cardano\u2019s ADA Price Corrects Gains<\/h2>\n<p>This past week, Cardano\u2019s price started a decent recovery wave from the $0.264 support zone. The bulls managed to push the price above the $0.280 and $0.295 resistance levels.<\/p>\n<p>It even spiked above the $0.300 resistance. A high is formed near $0.3013 and the price is now correcting gains, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-rejects-31k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-retests-1900\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move below the 50% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high.<\/p>\n<p>Besides, there was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair. The price is now trading below $0.290 and the 100 simple moving average (4 hours).<\/p>\n<p>The price is now holding the $0.280 support. It is close to the 61.8% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. On the upside, immediate resistance is near the $0.285 zone and the 100 simple moving average (4 hours).<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-541431\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?resize=1835%2C845\" alt=\"Cardano\u2019s ADA Price\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA.png?w=1140 1140w\" sizes=\"(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 first major resistance is forming near the $0.292 zone. The next key resistance might be $0.30. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone.<\/p>\n<h2>More Losses in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.285 resistance level, it could continue to move down. Immediate support on the downside is near the $0.280 level.<\/p>\n<p>The next major support is near the $0.275 level. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.262. The next major support is near the $0.250 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 $0.280, $0.275, and $0.262.<\/p>\n<p>Major Resistance Levels \u2013 $0.285, $0.295, and $0.305.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s price is declining from the $0.30 zone. ADA could continue to move down if it breaks the $0.280 support zone in the near term. ADA price is moving lower from the $0.302 zone against the US dollar. The price is trading below $0.290 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could slide further toward the $0.264 support zone. Cardano\u2019s ADA Price Corrects Gains This past week, Cardano\u2019s price started a decent recovery wave from the $0.264 support zone. The bulls managed to push the price above the $0.280 and $0.295 resistance levels. It even spiked above the $0.300 resistance. A high is formed near $0.3013 and the price is now correcting gains, similar to Bitcoin and Ethereum. There was a move below the 50% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. Besides, there was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair. The price is now trading below $0.290 and the 100 simple moving average (4 hours). The price is now holding the $0.280 support. It is close to the 61.8% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. On the upside, immediate resistance is near the $0.285 zone and the 100 simple moving average (4 hours). Source: ADAUSD on TradingView.com The first major resistance is forming near the $0.292 zone. The next key resistance might be $0.30. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone. More Losses in ADA? If Cardano\u2019s price fails to climb above the $0.285 resistance level, it could continue to move down. Immediate support on the downside is near the $0.280 level. The next major support is near the $0.275 level. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.262. The next major support is near the $0.250 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 $0.280, $0.275, and $0.262. Major Resistance Levels \u2013 $0.285, $0.295, and $0.305.<\/p>\n","protected":false},"author":67,"featured_media":448943,"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-541429","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 Indicators Suggest Cardano at Clear Risk of Further Declines<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s price is declining from the $0.30 zone. 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