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{"id":601517,"date":"2024-04-05T05:28:26","date_gmt":"2024-04-05T05:28:26","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=601517"},"modified":"2024-06-11T08:00:03","modified_gmt":"2024-06-11T08:00:03","slug":"ada-price-prediction-0-50","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/cardano\/ada-price-prediction-0-50\/","title":{"rendered":"ADA Price Prediction \u2013 Here\u2019s Why Cardano Could Dump To $0.50"},"content":{"rendered":"

Cardano (ADA) is moving lower below the $0.620 resistance zone. ADA could gain bearish momentum and decline toward the $0.50 support.<\/em><\/p>\n

\n
ADA price is slowly moving lower from the $0.670 zone.<\/li>\n
The price is trading below $0.620 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA\/USD pair (data source from Kraken).<\/li>\n
The pair could attempt a fresh increase if the bulls remain active above the $0.560 support.<\/li>\n<\/ul>\n
Cardano Price Reaches Key Support<\/h2>\n
In the past few days, Cardano saw a steady decline from the $0.670 resistance zone, like Bitcoin<\/a> and Ethereum<\/a>. ADA price declined below the $0.650 and $0.620 levels to enter a bearish zone.<\/p>\n
It even declined below $0.580 and tested $0.560. A low is formed at $0.5592 and the price is consolidating losses. It tested the 23.6% Fib retracement level of the downward move from the $0.6701 swing high to the $0.5592 low.<\/p>\n
ADA price is now trading below $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.6010 zone. There is also a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA\/USD pair.<\/p>\n
The first resistance is near $0.6150 or the 50% Fib retracement level of the downward move from the $0.6701 swing high to the $0.5592 low. The next key resistance might be $0.6280. If there is a close above the $0.6280 resistance, the price could start a strong rally.<\/p>\n
$\"ADA$ <\/a><\/p>\n
Source: ADAUSD on TradingView.com<\/a><\/p>\n
In the stated case, the price could rise toward the $0.6550 region. Any more gains might call for a move toward $0.670.<\/p>\n
More Losses in ADA?<\/h2>\n
If Cardano\u2019s price fails to climb above the $0.6150 resistance level, it could continue to move down. Immediate support on the downside is near the $0.560 level.<\/p>\n
The next major support is near the $0.520 level. A downside break below the $0.520 level could open the doors for a test of $0.50. The next major support is near the $0.4880 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 $0.5600, $0.5200, and $0.4880.<\/p>\n
Major Resistance Levels \u2013 $0.6150, $0.6280, and $0.6700.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano (ADA) is moving lower below the $0.620 resistance zone. ADA could gain bearish momentum and decline toward the $0.50 support. ADA price is slowly moving lower from the $0.670 zone. The price is trading below $0.620 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA\/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.560 support. Cardano Price Reaches Key Support In the past few days, Cardano saw a steady decline from the $0.670 resistance zone, like Bitcoin and Ethereum. ADA price declined below the $0.650 and $0.620 levels to enter a bearish zone. It even declined below $0.580 and tested $0.560. A low is formed at $0.5592 and the price is consolidating losses. It tested the 23.6% Fib retracement level of the downward move from the $0.6701 swing high to the $0.5592 low. ADA price is now trading below $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.6010 zone. There is also a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA\/USD pair. The first resistance is near $0.6150 or the 50% Fib retracement level of the downward move from the $0.6701 swing high to the $0.5592 low. The next key resistance might be $0.6280. If there is a close above the $0.6280 resistance, the price could start a strong rally. Source: ADAUSD on TradingView.com In the stated case, the price could rise toward the $0.6550 region. Any more gains might call for a move toward $0.670. More Losses in ADA? If Cardano\u2019s price fails to climb above the $0.6150 resistance level, it could continue to move down. Immediate support on the downside is near the $0.560 level. The next major support is near the $0.520 level. A downside break below the $0.520 level could open the doors for a test of $0.50. The next major support is near the $0.4880 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 $0.5600, $0.5200, and $0.4880. Major Resistance Levels \u2013 $0.6150, $0.6280, and $0.6700.<\/p>\n","protected":false},"author":67,"featured_media":394314,"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":[79516,14643,79508,12332],"class_list":["post-601517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\nADA Price Prediction \u2013 Here\u2019s Why Cardano Could Dump To $0.50<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) is moving lower below the $0.620 resistance 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. 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