{"id":664802,"date":"2024-12-19T05:08:03","date_gmt":"2024-12-19T05:08:03","guid":{"rendered":"https:\/\/ktsl888.com\/?p=664802"},"modified":"2024-12-19T04:08:27","modified_gmt":"2024-12-19T04:08:27","slug":"cardano-ada-eyes-recovery-1-0","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/ada\/cardano-ada-eyes-recovery-1-0\/","title":{"rendered":"Cardano (ADA) Eyes Recovery: Key Resistance Holds The Answer"},"content":{"rendered":"<p><em>Cardano price started a downside correction below the $1.050 zone. ADA is consolidating and facing hurdles near the $1.020 and $1.040 levels.<\/em><\/p>\n<ul>\n<li>ADA price started a downward move below the $1.020 support zone.<\/li>\n<li>The price is trading below $1.00 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $1.015 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 $1.020 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Faces Selling Pressure<\/h2>\n<p>After struggling to clear the $1.120 resistance zone, Cardano started a fresh decline, like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-slips-below-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-falls-3550\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. ADA declined below the $1.10 and $1.050 support levels.<\/p>\n<p>The pair even declined below $1.00. A low was formed at $0.9151 and the price is now consolidating losses. There was a minor increase above the $0.940 resistance level. It cleared the 23.6% Fib retracement level of the downward move from the $1.1113 swing high to the $0.9151 low.<\/p>\n<p>Cardano price is now trading below $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.00 zone. The first resistance is near $1.020.<\/p>\n<p>There is also a key bearish trend line forming with resistance at $1.015 on the hourly chart of the ADA\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $1.1113 swing high to the $0.9151 low.<\/p>\n<figure id=\"attachment_664803\" aria-describedby=\"caption-attachment-664803\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-664803\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=104 104w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=83 83w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_810c67.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-664803\" 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>The next key resistance might be $1.050. If there is a close above the $1.050 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.0650 region. Any more gains might call for a move toward $1.10 in the near term.<\/p>\n<h2>Another Decline in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $1.020 resistance level, it could start another decline. Immediate support on the downside is near the $0.9450 level.<\/p>\n<p>The next major support is near the $0.920 level. A downside break below the $0.920 level could open the doors for a test of $0.90. The next major support is near the $0.8650 level where the bulls might emerge.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.9450 and $0.9200.<\/p>\n<p>Major Resistance Levels \u2013 $1.020 and $1.050.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a downside correction below the $1.050 zone. ADA is consolidating and facing hurdles near the $1.020 and $1.040 levels. ADA price started a downward move below the $1.020 support zone. The price is trading below $1.00 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $1.015 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.020 resistance zone. Cardano Price Faces Selling Pressure After struggling to clear the $1.120 resistance zone, Cardano started a fresh decline, like Bitcoin and Ethereum. ADA declined below the $1.10 and $1.050 support levels. The pair even declined below $1.00. A low was formed at $0.9151 and the price is now consolidating losses. There was a minor increase above the $0.940 resistance level. It cleared the 23.6% Fib retracement level of the downward move from the $1.1113 swing high to the $0.9151 low. Cardano price is now trading below $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.00 zone. The first resistance is near $1.020. There is also a key bearish trend line forming with resistance at $1.015 on the hourly chart of the ADA\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $1.1113 swing high to the $0.9151 low. The next key resistance might be $1.050. If there is a close above the $1.050 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.0650 region. Any more gains might call for a move toward $1.10 in the near term. Another Decline in ADA? If Cardano\u2019s price fails to climb above the $1.020 resistance level, it could start another decline. Immediate support on the downside is near the $0.9450 level. The next major support is near the $0.920 level. A downside break below the $0.920 level could open the doors for a test of $0.90. The next major support is near the $0.8650 level where the bulls might emerge. Technical Indicators Hourly MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level. Major Support Levels \u2013 $0.9450 and $0.9200. Major Resistance Levels \u2013 $1.020 and $1.050.<\/p>\n","protected":false},"author":67,"featured_media":664804,"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-664802","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) Eyes Recovery: Key Resistance Holds The Answer<\/title>\n<meta name=\"description\" content=\"Cardano price started a downside correction below the $1.050 zone. 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