ADA Price (Cardano) Close Below $0.38 Could Spark Larger Degree Correction

2023-4-24 08:25

Cardano’s price started a fresh decline from the $0.460 resistance. ADA could decline further if there is a clear move below the $0.38 support.

ADA price declined heavily from the $0.460 resistance against the US dollar. The price is trading below $0.400 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.4150 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could start a recovery wave if it clears the $0.400 resistance zone. Cardano’s ADA Price Revisits Key Support

After a decent increase, Cardano’s price faced resistance near the $0.460 zone. The price faced an increase in selling pressure and started a fresh decline below $0.420, similar to Bitcoin and Ethereum.

There was a clear move below the $0.40 support zone. Besides, there was a break below a key bullish trend line with support near $0.4150 on the 4-hour chart of the ADA/USD pair. The pair even tested the $0.380 support zone.

A low is formed near $0.3803 and the price is now consolidating losses. It is trading below $0.400 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.400 zone. It is near the 23.6% Fib retracement level of the main decline from the $0.4616 swing high to the 0.3803 low.

The next major resistance is forming near the $0.410 zone or the 100 simple moving average (4 hours). If there is an upside break above the $0.400 and $0.410 resistance levels, the price could start a decent increase.

Source: ADAUSD on TradingView.com

In the stated case, the price could rise steadily toward the $0.41 level or the 50% Fib retracement level of the main decline from the $0.4616 swing high to the 0.3803 low. The next key resistance might be $0.432.

More Losses?

If Cardano’s price fails to climb above the $0.400 and $0.410 resistance levels, it could continue to move down. Immediate support on the downside is near the $0.380 level.

The next major support is near the $0.372 level. A downside break below the $0.372 level could open the doors for a fresh decline toward $0.350. The next major support is near the $0.325 level.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is losing momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.380, $0.372, and $0.350.

Major Resistance Levels – $0.400, $0.410, and $0.420.

origin »

Cardano (ADA) на Currencies.ru

$ 0.4318 (-1.57%)
Объем 24H $554.181m
Изменеия 24h: -3.94 %, 7d: -0.35 %
Cегодня L: $0.4318 - H: $0.443
Капитализация $15.5b Rank 10
Цена в час новости $ 0.3836 (12.57%)

ada price resistance decline 460 below cardano

Источник: newsbtc.com

ada price → Результатов: 126


Cardano’s Q4 Triumph Shaken by Market Plunge—What’s Next for ADA Price?

Cardano weathered a mixed end to 2024. While Q4 brought substantial gains in price and treasury holdings, recent weeks have seen ADA tumble alongside most cryptocurrencies.   The project did roll out major governance improvements and saw more DeFi activity, but it’s still grappling with a cooling NFT market and struggles to keep users consistently engaged.

2025-2-28 10:30


Is Cardano Price Set to Explode? Key Chart Patterns Suggest What’s Next for ADA

The price of ADA has been showing interesting patterns. The daily chart shows a symmetrical triangle forming—a pattern that often hints at where the price might go next. Prominent analyst Freedom By 40 posted about it on X (formerly Twitter), saying, “$ADA looks great for continuation,” showing some faith in the market’s direction.

2024-12-29 10:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cardano whale loses 90% ADA after conversion to an illiquid stablecoin 

Key Takeaways Why did the whale lose $6M?  The low liquidity triggered fluctuations and a subsequent devaluation of the swapped funds.  What’s the status of Cardano DeFi?  Besides a relativelThe post Cardano whale loses 90% ADA after conversion to an illiquid stablecoin  appeared first on AMBCrypto.

Cardano Summit brings blockchain & AI to the forefront

Cardano Summit 2025 featured industry leaders from crypto and finance to discuss the convergence between blockchain and AI and what the future of crypto looks like. On the first day of the Cardano Summit 2025, held at Berlin’s Gasometer, venture…

Cardano whales sell 4M ADA - Yet THESE signs hint at a $1 target

Key Takeaways Why are whales selling less, and what does it mean for Cardano price? Whales have slowed their selling, while retail traders are accumulating ADA, suggesting a shift toward cautious opThe post Cardano whales sell 4M ADA - Yet THESE signs hint at a $1 target appeared first on AMBCrypto.