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{"id":513173,"date":"2022-12-21T00:25:44","date_gmt":"2022-12-21T05:25:44","guid":{"rendered":"https:\/\/uniquehot.com\/?p=513173"},"modified":"2024-06-11T14:33:10","modified_gmt":"2024-06-11T14:33:10","slug":"cardano-ada-price-prediction-0-22","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/cardano-ada-price-prediction-0-22\/","title":{"rendered":"Cardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play"},"content":{"rendered":"

Cardano\u2019s price started a fresh decline after it failed to surpass $0.32. ADA remains at a risk of more losses below $0.25 and $0.245 in the near term.<\/em><\/p>\n

\n
ADA price is gaining bearish momentum below the $0.280 support against the US dollar.<\/li>\n
The price is trading below $0.280 and the 100 simple moving average (4-hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.2560 on the 4-hours chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to move down below the $0.245 support zone.<\/li>\n<\/ul>\n
Cardano (ADA) Price Could Dive Further<\/h2>\n
In the past few days, cardano\u2019s price saw a steady decline from the $0.320 resistance zone. The bears were able to push the price below the $0.30 and $0.280 support levels.<\/p>\n
The decline gained pace below the $0.265 level and the 100 simple moving average (4-hours). ADA price even spiked below the $0.250 support zone and traded as low as $0.2481. It is now showing a lot of bearish signs near the $0.250 zone, unlike bitcoin<\/a> and ethereum<\/a>.<\/p>\n
It is trading well below $0.280 and the 100 simple moving average (4-hours). On the upside, an immediate resistance is near the $0.255 zone. There is also a key bearish trend line forming with resistance near $0.2560 on the 4-hours chart of the ADA\/USD pair.<\/p>\n
The first major resistance is forming near the $0.264 zone. It is near the 23.6% Fib retracement level of the downward move from the $0.3188 swing high to $0.2481 low.<\/p>\n
$\"Cardano$ <\/a><\/p>\n
Source: ADAUSD on TradingView.com<\/a><\/p>\n
The main resistance is now forming near the $0.2840 level. It coincides with the 50% Fib retracement level of the downward move from the $0.3188 swing high to $0.2481 low. If there is an upside break above the $0.280 and $0.284 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $0.32 level.<\/p>\n
More Losses?<\/h2>\n
If cardano\u2019s price fails to recover above the $0.255 and $0.264 resistance levels, it could continue to move down. An immediate support on the downside is near the $0.248 level.<\/p>\n
The next major support is near the $0.245 level. A downside break below the $0.245 level could open the doors for a fresh decline towards $0.220 in the coming days. The next major support is near the $0.200 level.<\/p>\n
Technical Indicators<\/p>\n
4-hours MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.245, $0.220 and $0.200.<\/p>\n
Major Resistance Levels \u2013 $0.255, $0.264 and $0.284.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano\u2019s price started a fresh decline after it failed to surpass $0.32. ADA remains at a risk of more losses below $0.25 and $0.245 in the near term. ADA price is gaining bearish momentum below the $0.280 support against the US dollar. The price is trading below $0.280 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.2560 on the 4-hours chart of the ADA\/USD pair (data source from Kraken). The pair could continue to move down below the $0.245 support zone. Cardano (ADA) Price Could Dive Further In the past few days, cardano\u2019s price saw a steady decline from the $0.320 resistance zone. The bears were able to push the price below the $0.30 and $0.280 support levels. The decline gained pace below the $0.265 level and the 100 simple moving average (4-hours). ADA price even spiked below the $0.250 support zone and traded as low as $0.2481. It is now showing a lot of bearish signs near the $0.250 zone, unlike bitcoin and ethereum. It is trading well below $0.280 and the 100 simple moving average (4-hours). On the upside, an immediate resistance is near the $0.255 zone. There is also a key bearish trend line forming with resistance near $0.2560 on the 4-hours chart of the ADA\/USD pair. The first major resistance is forming near the $0.264 zone. It is near the 23.6% Fib retracement level of the downward move from the $0.3188 swing high to $0.2481 low. Source: ADAUSD on TradingView.com The main resistance is now forming near the $0.2840 level. It coincides with the 50% Fib retracement level of the downward move from the $0.3188 swing high to $0.2481 low. If there is an upside break above the $0.280 and $0.284 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $0.32 level. More Losses? If cardano\u2019s price fails to recover above the $0.255 and $0.264 resistance levels, it could continue to move down. An immediate support on the downside is near the $0.248 level. The next major support is near the $0.245 level. A downside break below the $0.245 level could open the doors for a fresh decline towards $0.220 in the coming days. The next major support is near the $0.200 level. Technical Indicators 4-hours MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bearish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level. Major Support Levels \u2013 $0.245, $0.220 and $0.200. Major Resistance Levels \u2013 $0.255, $0.264 and $0.284.<\/p>\n","protected":false},"author":67,"featured_media":513176,"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":[12333,14643,87222,79508,12332],"class_list":["post-513173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausd","tag-adausdc","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nCardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s price started a fresh decline after it failed to surpass $0.32. 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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. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play","url":"http:\/\/uniquehot.com\/news\/cardano\/cardano-ada-price-prediction-0-22\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/cardano-ada-price-prediction-0-22\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/shutterstock_259487336.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/shutterstock_259487336.jpg?fit=1000%2C646"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausd","adausdc","adausdt","cardano"],"dateCreated":"2022-12-21T05:25:44Z","datePublished":"2022-12-21T05:25:44Z","dateModified":"2024-06-11T14:33:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Price Prediction: Downtrend Far From Over, $0.22 Still In Play\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-ada-price-prediction-0-22\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/cardano-ada-price-prediction-0-22\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/shutterstock_259487336.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/shutterstock_259487336.jpg?fit=1000%2C646\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausd\",\"adausdc\",\"adausdt\",\"cardano\"],\"dateCreated\":\"2022-12-21T05:25:44Z\",\"datePublished\":\"2022-12-21T05:25:44Z\",\"dateModified\":\"2024-06-11T14:33:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/shutterstock_259487336.jpg?fit=1000%2C646","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/513173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=513173"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/513173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/513176"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=513173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=513173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=513173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}