{"id":629400,"date":"2024-07-12T04:48:31","date_gmt":"2024-07-12T04:48:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=629400"},"modified":"2024-07-12T04:34:38","modified_gmt":"2024-07-12T04:34:38","slug":"cardano-ada-break-0-4","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/ada\/cardano-ada-break-0-4\/","title":{"rendered":"Cardano (ADA) Eyeing $0.40 Break: Will It Ignite a Bullish Surge?"},"content":{"rendered":"<p><em>Cardano price started a steady increase above the $0.3850 resistance. ADA is now eyeing a close above $0.40 to gain bullish momentum.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh increase and traded above $0.3880.<\/li>\n<li>The price is trading above $0.390 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could gain bullish momentum if it closes above the $0.40 zone.<\/li>\n<\/ul>\n<h2>Cardano Price Eyes Steady Increase<\/h2>\n<p>In the past few sessions, Cardano started a decent increase from the $0.3350 support zone. ADA climbed above the $0.350 and $0.3650 resistance levels, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-falls-56k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-rises-3200\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>It even cleared the $0.3880 resistance and tested $0.4050. A high was formed at $0.4047 and the price is now consolidating gains. There was a move below the $0.400 and $0.3980 support levels. The price tested the 23.6% Fib retracement level of the upward move from the $0.3577 swing low to the $0.4047 high.<\/p>\n<p>ADA price is now trading above $0.380 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA\/USD pair.<\/p>\n<figure id=\"attachment_629401\" aria-describedby=\"caption-attachment-629401\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-629401 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?resize=1024%2C461\" alt=\"Cardano Price \" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/Cardano-ADA_d30b95.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-629401\" 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 another upward move, the price might face resistance near the $0.400 zone. The first resistance is near $0.4050. The next key resistance might be $0.4250. If there is a close above the $0.4250 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.450 region. Any more gains might call for a move toward $0.4650.<\/p>\n<h2>Downside Correction in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.400 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.3960 level and the trend line.<\/p>\n<p>The next major support is near the $0.3810 level and the 50% Fib retracement level of the upward move from the $0.3577 swing low to the $0.4047 high. A downside break below the $0.3810 level could open the doors for a test of $0.3750. The next major support is near the $0.350 level.<\/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 $0.3960 and $0.3810.<\/p>\n<p>Major Resistance Levels \u2013 $0.4000 and $0.4050.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a steady increase above the $0.3850 resistance. ADA is now eyeing a close above $0.40 to gain bullish momentum. ADA price started a fresh increase and traded above $0.3880. The price is trading above $0.390 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could gain bullish momentum if it closes above the $0.40 zone. Cardano Price Eyes Steady Increase In the past few sessions, Cardano started a decent increase from the $0.3350 support zone. ADA climbed above the $0.350 and $0.3650 resistance levels, like Bitcoin and Ethereum. It even cleared the $0.3880 resistance and tested $0.4050. A high was formed at $0.4047 and the price is now consolidating gains. There was a move below the $0.400 and $0.3980 support levels. The price tested the 23.6% Fib retracement level of the upward move from the $0.3577 swing low to the $0.4047 high. ADA price is now trading above $0.380 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.3935 on the hourly chart of the ADA\/USD pair. If there is another upward move, the price might face resistance near the $0.400 zone. The first resistance is near $0.4050. The next key resistance might be $0.4250. If there is a close above the $0.4250 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.450 region. Any more gains might call for a move toward $0.4650. Downside Correction in ADA? If Cardano\u2019s price fails to climb above the $0.400 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.3960 level and the trend line. The next major support is near the $0.3810 level and the 50% Fib retracement level of the upward move from the $0.3577 swing low to the $0.4047 high. A downside break below the $0.3810 level could open the doors for a test of $0.3750. The next major support is near the $0.350 level. 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 $0.3960 and $0.3810. Major Resistance Levels \u2013 $0.4000 and $0.4050.<\/p>\n","protected":false},"author":67,"featured_media":629403,"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-629400","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) Eyeing $0.40 Break: Will It Ignite a Bullish Surge?<\/title>\n<meta name=\"description\" content=\"Cardano price started a steady increase above the $0.3850 resistance. 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