{"id":528702,"date":"2023-04-26T14:40:44","date_gmt":"2023-04-26T14:40:44","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=528702"},"modified":"2024-06-11T12:09:30","modified_gmt":"2024-06-11T12:09:30","slug":"cardano-ada-trades-below-the-0-41-mark-will-it-break-the-barriers","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/cardano\/cardano-ada-trades-below-the-0-41-mark-will-it-break-the-barriers\/","title":{"rendered":"Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. This notable price dip left everyone wondering if Cardano (ADA) will break this barrier, which has proven significant in recent trading sessions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, today April 26, the general market is recovering as the global market cap gained over a 4.5% increase in 24 hours. The marker-wide rally has pushed ADA back to the $0.40 mark with a massive gain of 6.93% in 24 hours.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/solana\/solana-sol-plunges-over-13-will-it-bounce-back\/\">Solana (SOL) Plunges Over 13% \u2013 Will It Bounce Back?<\/a><\/p>\n<p><span style=\"font-weight: 400\">The ADA price has been trending downward for the past 7 days, and the coin is finally gaining momentum. <\/span><span style=\"font-weight: 400\">Only time will tell if Cardano ADA can surpass the $0.41 resistance level and trade above it in the coming days.\u00a0<\/span><\/p>\n<h2>ADA Price Trend<\/h2>\n<p><span style=\"font-weight: 400\">The recent price fluctuation in the crypto market harmed Cardano (ADA)\u2019s price, causing a significant loss in its market capitalization.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Cardano market cap is currently at $13.9 billion with a $267 million 24-hour trading volume. According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/historical-data\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\"> data, Cardano (ADA) is now the seventh biggest cryptocurrency.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Cardano\u2019s price drop yesterday, April 25, may have been caused by several variables, such as market sentiment generally and shifts in investor perceptions. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Also, the fluctuations in trading volume, <\/span><a href=\"https:\/\/www.europarl.europa.eu\/news\/en\/press-room\/20230414IPR80133\/crypto-assets-green-light-to-new-rules-for-tracing-transfers-in-the-eu\" rel=\"nofollow\"><span style=\"font-weight: 400\">regulatory announcements<\/span><\/a><span style=\"font-weight: 400\">, or <\/span><a href=\"https:\/\/www.forbes.com\/advisor\/au\/investing\/cryptocurrency\/crypto-news-australia\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">market news<\/span><\/a><span style=\"font-weight: 400\"> that impacted the cryptocurrency market may have played a huge role too.\u00a0<\/span><span style=\"font-weight: 400\">The chart below shows the potential support and resistance levels for Cardano (ADA) in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While buyers are trying to build a bullish momentum, ADA is still found at the $0.40 zone and might break the support zone of $0.38 if the sellers increase the selling pressure.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/solana\/solana-sol-rebounding-after-a-major-drop-will-it-recover-previous-losses\/\">Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The $0.38 level of support has maintained steady during the retest earlier this week and can act as a driving force for a higher valuation. <\/span><span style=\"font-weight: 400\">Cardano&#8217;s price may surpass its resistance level of $0.42 if the bulls completely control the market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other hand, if bears take control of the trend, ADA&#8217;s price could fall below $0.30 and might hit $0.2777<\/span><\/p>\n<h2>Cardano (ADA) Price Prediction<\/h2>\n<p><span style=\"font-weight: 400\">The <\/span><span style=\"font-weight: 400\">Simple Moving Average<\/span><span style=\"font-weight: 400\"> (SMA) indicates a potential trend reversal as the 50-day SMA changes directions. The 50-day SMA is trying to cross below the 200, forming a death cross. This action may generate a bearish signal and indicate a potential selling opportunity.<\/span><\/p>\n<figure id=\"attachment_528715\" aria-describedby=\"caption-attachment-528715\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-528715 size-large\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/04\/ADAUSDT_2023-04-26_17-24-06.png?resize=860%2C501\" alt=\"Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?\" width=\"860\" height=\"501\"><figcaption id=\"caption-attachment-528715\" class=\"wp-caption-text\">ADA surges on the chart l <a href=\"https:\/\/www.tradingview.com\/x\/Gypctb8U\/\" rel=\"nofollow\">ADAUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The <\/span><span style=\"font-weight: 400\">Relative Strength Index<\/span><span style=\"font-weight: 400\"> (RSI) is above the neutral level and is heading toward the overbought zone, which might ignite a potential price correction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><span style=\"font-weight: 400\">MACD<\/span><span style=\"font-weight: 400\"> line is above the signal line, indicating a potential buy opportunity. The histogram is slightly above the zero line and is also increasing in size; this means bullish momentum.<\/span><\/p>\n<p>Featured image from Pixabay and chart from Tradingview.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. This notable price dip left everyone wondering if Cardano (ADA) will break this barrier, which has proven significant in recent trading sessions. However, today April 26, the general market is recovering as the global market cap gained over a 4.5% increase in 24 hours. The marker-wide rally has pushed ADA back to the $0.40 mark with a massive gain of 6.93% in 24 hours. Related Reading: Solana (SOL) Plunges Over 13% \u2013 Will It Bounce Back? The ADA price has been trending downward for the past 7 days, and the coin is finally gaining momentum. Only time will tell if Cardano ADA can surpass the $0.41 resistance level and trade above it in the coming days.\u00a0 ADA Price Trend The recent price fluctuation in the crypto market harmed Cardano (ADA)\u2019s price, causing a significant loss in its market capitalization. The Cardano market cap is currently at $13.9 billion with a $267 million 24-hour trading volume. According to CoinMarketCap data, Cardano (ADA) is now the seventh biggest cryptocurrency. Cardano\u2019s price drop yesterday, April 25, may have been caused by several variables, such as market sentiment generally and shifts in investor perceptions. Also, the fluctuations in trading volume, regulatory announcements, or market news that impacted the cryptocurrency market may have played a huge role too.\u00a0The chart below shows the potential support and resistance levels for Cardano (ADA) in 2023. While buyers are trying to build a bullish momentum, ADA is still found at the $0.40 zone and might break the support zone of $0.38 if the sellers increase the selling pressure. Related Reading: Solana (SOL) Rebounding After A Major Drop, Will It Recover Previous Losses? The $0.38 level of support has maintained steady during the retest earlier this week and can act as a driving force for a higher valuation. Cardano&#8217;s price may surpass its resistance level of $0.42 if the bulls completely control the market. On the other hand, if bears take control of the trend, ADA&#8217;s price could fall below $0.30 and might hit $0.2777 Cardano (ADA) Price Prediction The Simple Moving Average (SMA) indicates a potential trend reversal as the 50-day SMA changes directions. The 50-day SMA is trying to cross below the 200, forming a death cross. This action may generate a bearish signal and indicate a potential selling opportunity. The Relative Strength Index (RSI) is above the neutral level and is heading toward the overbought zone, which might ignite a potential price correction.\u00a0 The MACD line is above the signal line, indicating a potential buy opportunity. The histogram is slightly above the zero line and is also increasing in size; this means bullish momentum. Featured image from Pixabay and chart from Tradingview.com<\/p>\n","protected":false},"author":584,"featured_media":516574,"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":[79508,428,12332,6664],"class_list":["post-528702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-adausdt","tag-bitcoin","tag-cardano","tag-crypto"],"acf":[],"yoast_head":"\n<title>Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. 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Currently, he writes about various asset classes, including Crypto and Stocks. Eli has been writing crypto oriented content for almost 6 years now and he is a hard core believer in Blockchain and is confident that it can reform the traditional financial system. He also thinks Bitcoin will become universal currency in the near future. You can follow Eli on Twitter: @EliDambel\",\"sameAs\":[\"https:\/\/x.com\/EliDambel\"],\"url\":\"https:\/\/www.ktsl888.com\/author\/elidambell\/\"}]}<\/script>\n","yoast_head_json":{"title":"Cardano ADA Trades Below The $0.41 Mark, Will It Break The Barriers?","description":"Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. 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