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{"id":541429,"date":"2023-07-06T05:21:19","date_gmt":"2023-07-06T05:21:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=541429"},"modified":"2024-06-11T14:38:23","modified_gmt":"2024-06-11T14:38:23","slug":"ada-price-cardano-declines-0-262","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano\/ada-price-cardano-declines-0-262\/","title":{"rendered":"ADA Price Indicators Suggest Cardano at Clear Risk of Further Declines"},"content":{"rendered":"

Cardano\u2019s price is declining from the $0.30 zone. ADA could continue to move down if it breaks the $0.280 support zone in the near term.<\/em><\/p>\n

\n
ADA price is moving lower from the $0.302 zone against the US dollar.<\/li>\n
The price is trading below $0.290 and the 100 simple moving average (4 hours).<\/li>\n
There was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could slide further toward the $0.264 support zone.<\/li>\n<\/ul>\n
Cardano\u2019s ADA Price Corrects Gains<\/h2>\n
This past week, Cardano\u2019s price started a decent recovery wave from the $0.264 support zone. The bulls managed to push the price above the $0.280 and $0.295 resistance levels.<\/p>\n
It even spiked above the $0.300 resistance. A high is formed near $0.3013 and the price is now correcting gains, similar to Bitcoin<\/a> and Ethereum<\/a>. There was a move below the 50% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high.<\/p>\n
Besides, there was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair. The price is now trading below $0.290 and the 100 simple moving average (4 hours).<\/p>\n
The price is now holding the $0.280 support. It is close to the 61.8% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. On the upside, immediate resistance is near the $0.285 zone and the 100 simple moving average (4 hours).<\/p>\n
$\"Cardano\u2019s$ <\/p>\n
Source: ADAUSD on TradingView.com<\/a><\/p>\n
The first major resistance is forming near the $0.292 zone. The next key resistance might be $0.30. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone.<\/p>\n
More Losses in ADA?<\/h2>\n
If Cardano\u2019s price fails to climb above the $0.285 resistance level, it could continue to move down. Immediate support on the downside is near the $0.280 level.<\/p>\n
The next major support is near the $0.275 level. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.262. The next major support is near the $0.250 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 $0.280, $0.275, and $0.262.<\/p>\n
Major Resistance Levels \u2013 $0.285, $0.295, and $0.305.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano\u2019s price is declining from the $0.30 zone. ADA could continue to move down if it breaks the $0.280 support zone in the near term. ADA price is moving lower from the $0.302 zone against the US dollar. The price is trading below $0.290 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could slide further toward the $0.264 support zone. Cardano\u2019s ADA Price Corrects Gains This past week, Cardano\u2019s price started a decent recovery wave from the $0.264 support zone. The bulls managed to push the price above the $0.280 and $0.295 resistance levels. It even spiked above the $0.300 resistance. A high is formed near $0.3013 and the price is now correcting gains, similar to Bitcoin and Ethereum. There was a move below the 50% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. Besides, there was a break below a key bullish trend line with support near $0.2960 on the 4-hour chart of the ADA\/USD pair. The price is now trading below $0.290 and the 100 simple moving average (4 hours). The price is now holding the $0.280 support. It is close to the 61.8% Fib retracement level of the upward move from the $0.2675 swing low to the $0.3013 high. On the upside, immediate resistance is near the $0.285 zone and the 100 simple moving average (4 hours). Source: ADAUSD on TradingView.com The first major resistance is forming near the $0.292 zone. The next key resistance might be $0.30. If there is an upside break above the $0.300 and $0.305 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.320 resistance zone. More Losses in ADA? If Cardano\u2019s price fails to climb above the $0.285 resistance level, it could continue to move down. Immediate support on the downside is near the $0.280 level. The next major support is near the $0.275 level. A downside break below the $0.275 level could open the doors for a fresh decline toward $0.262. The next major support is near the $0.250 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 $0.280, $0.275, and $0.262. Major Resistance Levels \u2013 $0.285, $0.295, and $0.305.<\/p>\n","protected":false},"author":67,"featured_media":448943,"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":[12333,14643,79508,12332],"class_list":["post-541429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nADA Price Indicators Suggest Cardano at Clear Risk of Further Declines<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s price is declining from the $0.30 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. 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":"ADA Price Indicators Suggest Cardano at Clear Risk of Further Declines","url":"http:\/\/uniquehot.com\/news\/cardano\/ada-price-cardano-declines-0-262\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano\/ada-price-cardano-declines-0-262\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/shutterstock_1334283245.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/11\/shutterstock_1334283245.jpg?fit=1000%2C667"},"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","adausdt","cardano"],"dateCreated":"2023-07-06T05:21:19Z","datePublished":"2023-07-06T05:21:19Z","dateModified":"2024-06-11T14:38:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"ADA Price Indicators Suggest Cardano at Clear Risk of Further Declines\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/ada-price-cardano-declines-0-262\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano\\\/ada-price-cardano-declines-0-262\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/shutterstock_1334283245.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/shutterstock_1334283245.jpg?fit=1000%2C667\"},\"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\",\"adausdt\",\"cardano\"],\"dateCreated\":\"2023-07-06T05:21:19Z\",\"datePublished\":\"2023-07-06T05:21:19Z\",\"dateModified\":\"2024-06-11T14:38:23Z\"}<\/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\/2020\/11\/shutterstock_1334283245.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/541429"}],"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=541429"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/541429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/448943"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=541429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=541429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=541429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}