Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»ADA Price Prediction – Can Cardano Bulls Overcome This Major Hurdle?
EXCHANGE NEWS

ADA Price Prediction – Can Cardano Bulls Overcome This Major Hurdle?

By Crypto FlexsMay 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ADA Price Prediction – Can Cardano Bulls Overcome This Major Hurdle?
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) is attempting a fresh rally above the $0.4500 resistance zone. ADA could gain bullish momentum if it stabilizes above the 100 SMA (H4).

  • ADA price is slowly rising above the $0.450 area.
  • The price is trading below $0.480 and the 100 simple moving average (4-hours).
  • A breakout occurred above the main bearish trend line with resistance at $0.4580 on the 4-hours chart of the ADA/USD pair (data source from Kraken).
  • If there is a clear move above $0.470, the pair could gain bullish momentum.

Cardano price attempts a new rise

Over the past few days, Cardano has begun a recovery in the same $0.4180 area as Bitcoin and Ethereum. ADA price broke the $0.4350 and $0.4420 levels, moving into near-term bullish territory.

There was a move above the 23.6% Fib retracement level, moving downward from the $0.5227 swing high to the $0.4180 low. Moreover, the ADA/USD pair broke the key bearish trend line at $0.4580, which is the resistance level on the 4-hours chart.

Cardano is currently trading below $0.480 and the 100 simple moving average (4-hours). On the positive side, immediate resistance is located near the $0.4650 area and the 100 simple moving average (4-hours).

The first resistance is near $0.470 or the 50% Fib retracement level for a downside move from the $0.5227 swing high to the $0.4180 low. The next major resistance could be at $0.4980. If the price closes above the $0.4980 resistance line, the price could begin a strong rally.

Source: ADAUSD on TradingView.com

If indicated, the price may rise to the $0.5250 region. Any more profits may require a move to $0.5650.

Another decline in ADA?

If Cardano’s price fails to rise above the $0.470 resistance level and the 100 simple moving average (4-hours), another decline could begin. Immediate support for the downside is near the $0.450 level.

The next major support is near the $0.4350 level. A break below the $0.4350 level could open the door to a test of $0.4180. The next major support is near the $0.3880 level.

technical indicators

4-Hour MACD – The MACD for ADA/USD is losing momentum in bearish territory.

4-Hour RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.

Key support levels – $0.4500, $0.4350 and $0.4180.

Key resistance levels – $0.4700, $0.4980 and $0.5250.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

K33 Research says approval for a Bitcoin spot ETF appears to be ‘confirmed’ in January.

December 20, 2023

Safuu 2.0: A new DeFi protocol on BASE blockchain, offering 102,800% APY

July 13, 2024

The price of XRP has not been above $1 since 2021, but that could change in Q4.

July 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.