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{"id":607139,"date":"2024-05-09T04:18:08","date_gmt":"2024-05-09T04:18:08","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=607139"},"modified":"2024-06-11T06:50:13","modified_gmt":"2024-06-11T06:50:13","slug":"ada-price-prediction-hurdle-0-470","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/cardano\/ada-price-prediction-hurdle-0-470\/","title":{"rendered":"ADA Price Prediction \u2013 Can Cardano Bulls Overcome This Key Hurdle?"},"content":{"rendered":"

Cardano (ADA) is attempting a fresh increase above the $0.4500 resistance zone. ADA could gain bullish momentum if it settles above the 100 SMA (H4).<\/em><\/p>\n

\n
ADA price is slowly moving high above the $0.450 zone.<\/li>\n
The price is trading below $0.480 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance at $0.4580 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could gain bullish momentum if there is a clear move above $0.470.<\/li>\n<\/ul>\n
Cardano Price Attempts Fresh Increase<\/h2>\n
In the past few days, Cardano started a recovery wave from the $0.4180 zone, like Bitcoin<\/a> and Ethereum<\/a>. ADA price broke the $0.4350 and $0.4420 levels to move into a short-term bullish zone.<\/p>\n
There was a move above the 23.6% Fib retracement level of the downward move from the $0.5227 swing high to the $0.4180 low. Besides, there was a break above a key bearish trend line with resistance at $0.4580 on the 4-hour chart of the ADA\/USD pair.<\/p>\n
Cardano is now trading below $0.480 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.4650 zone and the 100 simple moving average (4 hours).<\/p>\n
The first resistance is near $0.470 or the 50% Fib retracement level of the downward move from the $0.5227 swing high to the $0.4180 low. The next key resistance might be $0.4980. If there is a close above the $0.4980 resistance, the price could start a strong rally.<\/p>\n
$\"ADA$ <\/a><\/p>\n
Source: ADAUSD on TradingView.com<\/a><\/p>\n
In the stated case, the price could rise toward the $0.5250 region. Any more gains might call for a move toward $0.5650.<\/p>\n
Another Decline in ADA?<\/h2>\n
If Cardano\u2019s price fails to climb above the $0.470 resistance level and the 100 simple moving average (4 hours), it could start another decline. Immediate support on the downside is near the $0.450 level.<\/p>\n
The next major support is near the $0.4350 level. A downside break below the $0.4350 level could open the doors for a test of $0.4180. The next major support is near the $0.3880 level.<\/p>\n
Technical Indicators<\/p>\n
4 hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.4500, $0.4350, and $0.4180.<\/p>\n
Major Resistance Levels \u2013 $0.4700, $0.4980, and $0.5250.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) is attempting a fresh increase above the $0.4500 resistance zone. ADA could gain bullish momentum if it settles above the 100 SMA (H4). ADA price is slowly moving high above the $0.450 zone. The price is trading below $0.480 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.4580 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a clear move above $0.470. Cardano Price Attempts Fresh Increase In the past few days, Cardano started a recovery wave from the $0.4180 zone, like Bitcoin and Ethereum. ADA price broke the $0.4350 and $0.4420 levels to move into a short-term bullish zone. There was a move above the 23.6% Fib retracement level of the downward move from the $0.5227 swing high to the $0.4180 low. Besides, there was a break above a key bearish trend line with resistance at $0.4580 on the 4-hour chart of the ADA\/USD pair. Cardano is now trading below $0.480 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.4650 zone and the 100 simple moving average (4 hours). The first resistance is near $0.470 or the 50% Fib retracement level of the downward move from the $0.5227 swing high to the $0.4180 low. The next key resistance might be $0.4980. If there is a close above the $0.4980 resistance, the price could start a strong rally. Source: ADAUSD on TradingView.com In the stated case, the price could rise toward the $0.5250 region. Any more gains might call for a move toward $0.5650. Another Decline in ADA? If Cardano\u2019s price fails to climb above the $0.470 resistance level and the 100 simple moving average (4 hours), it could start another decline. Immediate support on the downside is near the $0.450 level. The next major support is near the $0.4350 level. A downside break below the $0.4350 level could open the doors for a test of $0.4180. The next major support is near the $0.3880 level. Technical Indicators 4 hours MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level. Major Support Levels \u2013 $0.4500, $0.4350, and $0.4180. Major Resistance Levels \u2013 $0.4700, $0.4980, and $0.5250.<\/p>\n","protected":false},"author":67,"featured_media":338337,"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":[79516,14643,79508,12332],"class_list":["post-607139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nADA Price Prediction \u2013 Can Cardano Bulls Overcome This Key Hurdle?<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) is attempting a fresh increase above the $0.4500 resistance zone. 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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. 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