ADAUSD on TradingView.com<\/a><\/figcaption><\/figure>\nIf there is a close above the $0.6450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.6800 region. Any more gains might call for a move toward $0.700.<\/p>\n
More Losses in ADA?<\/h2>\n If Cardano\u2019s price fails to climb above the $0.6060 resistance level, it could start another decline. Immediate support on the downside is near the $0.5780 level.<\/p>\n
The next major support is near the $0.550 level. A downside break below the $0.550 level could open the doors for a test of $0.5180. The next major support is near the $0.500 level where the bulls might emerge.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for ADA\/USD is losing momentum in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.5780 and $0.5500.<\/p>\n
Major Resistance Levels \u2013 $0.6060 and $0.6450.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano price started a consolidation phase below the $0.6650 zone. ADA is holding gains and might aim for a fresh increase above $0.6500. ADA price started a downside correction after a strong rally toward $0.6600. The price is trading above $0.580 and the 100-hourly simple moving average. There is a key contracting triangle forming with support at $0.5780 on the hourly chart of the ADA\/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.6060 resistance zone. Cardano Price Consolidates Gains In the past few days, Cardano saw a major increase above the $0.40 resistance. ADA outpaced Bitcoin and Ethereum. There was a move above the $0.450 and $0.50 resistance levels. It even cleared the $0.600 level. A high was formed at $0.6620 and the price is now consolidating gains. There was a minor decline below the $0.6120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.4277 swing low to the $0.6620 high. However, the bulls are active above $0.5500 and the 50% Fib retracement level of the upward move from the $0.4277 swing low to the $0.6620 high. Cardano price is now trading above $0.580 and the 100-hourly simple moving average. There is also a key contracting triangle forming with support at $0.5780 on the hourly chart of the ADA\/USD pair. On the upside, the price might face resistance near the $0.6060 zone. The first resistance is near $0.6230. The next key resistance might be $0.6450. If there is a close above the $0.6450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.6800 region. Any more gains might call for a move toward $0.700. More Losses in ADA? If Cardano\u2019s price fails to climb above the $0.6060 resistance level, it could start another decline. Immediate support on the downside is near the $0.5780 level. The next major support is near the $0.550 level. A downside break below the $0.550 level could open the doors for a test of $0.5180. The next major support is near the $0.500 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 $0.5780 and $0.5500. Major Resistance Levels \u2013 $0.6060 and $0.6450.<\/p>\n","protected":false},"author":67,"featured_media":652675,"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-652673","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
Cardano (ADA) Rally on Hold: Will It Break Out Again Soon?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n