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Home»EXCHANGE NEWS»Cardano (ADA) Under Pressure: Struggle to Reclaim Lost Ground
EXCHANGE NEWS

Cardano (ADA) Under Pressure: Struggle to Reclaim Lost Ground

By Crypto FlexsJanuary 14, 20252 Mins Read
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Cardano (ADA) Under Pressure: Struggle to Reclaim Lost Ground
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Cardano price started a new decline below the $0.9550 area. The ADA is consolidating and may have difficulty initiating new increases above the $1.00 level.

  • ADA price started a new decline in the $1.0350 area.
  • The price is trading near $0.950 and the 100-hourly simple moving average.
  • On the hourly chart of the ADA/USD pair (data source from Kraken), it has broken a short-term bearish trendline with resistance at $0.9560.
  • A break above the $1.00 resistance zone could initiate further upside.

Cardano price attempts to recover

After struggling to stay above the $1.00 level, Cardano began a new downward trend like Bitcoin and Ethereum. ADA fell below the $0.9550 and $0.9500 support levels.

It even surged below $0.900. The low was formed at $0.8769 and the price is currently trying to recover. There was a move above the $0.9150 level. Price cleared the 23.6% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low.

On the hourly chart of the ADA/USD pair, there is a break above the short-term bearish trend line, which is the resistance level at $0.9560. Cardano price is currently trading below $0.9650 and the 100-hour simple moving average.

On the positive side, the price may face resistance near $0.9550. It is near the 50% Fib retracement level with a downward move from the $1.0354 swing high to the $0.8769 low. The first resistance is near $0.9750. The next major resistance could be $1.00.

If the price closes above the $1.00 resistance line, the price could begin a strong rally. If stated, the price may rise to the $1.050 region. A short-term move to $1.120 may be necessary to take further profits.

Another decline in ADA?

If Cardano’s price fails to rise above the $0.9550 resistance, another decline could begin. Immediate support for the downside is near the $0.9320 level.

The next major support is near the $0.9150 level. A break below the $0.9150 level could open the door to a test of $0.900. The next major support is near the $0.880 level where the bulls may emerge.

technical indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in bullish territory.

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

Key support levels – $0.9150 and $0.9000.

Key resistance levels – $0.9750 and $1.0000.

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