{"id":2333,"date":"2025-01-14T05:11:04","date_gmt":"2025-01-14T05:11:04","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/cardano-ada-under-pressure-struggles-to-reclaim-lost-ground\/"},"modified":"2025-01-14T05:11:04","modified_gmt":"2025-01-14T05:11:04","slug":"cardano-ada-under-pressure-struggles-to-reclaim-lost-ground","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/cardano-ada-under-pressure-struggles-to-reclaim-lost-ground\/","title":{"rendered":"Cardano (ADA) Under Pressure: Struggles to Reclaim Lost Ground"},"content":{"rendered":"<p><em>Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh decline from the $1.0350 zone.<\/li>\n<li>The price is trading near $0.950 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start another increase if it clears the $1.00 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Attempts Recovery Wave<\/h2>\n<p>After struggling to stay above the $1.00 level, Cardano started a fresh decline like Bitcoin and Ethereum. ADA declined below the $0.9550 and $0.9500 support levels.<\/p>\n<p>It even spiked below $0.900. A low was formed at $0.8769 and the price is now attempting to recover. There was a move above the $0.9150 level. The price cleared the 23.6% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low.<\/p>\n<p>There was a break above a short-term bearish trend line with resistance at $0.9560 on the hourly chart of the ADA\/USD pair. Cardano price is now trading below $0.9650 and the 100-hourly simple moving average.<\/p>\n<p>On the upside, the price might face resistance near the $0.9550 zone. It is near the 50% Fib retracement level of the downward move from the $1.0354 swing high to the $0.8769 low. The first resistance is near $0.9750. The next key resistance might be $1.00.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-675108\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Cardano-ADA_45718b.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>If there is a close above the $1.00 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.050 region. Any more gains might call for a move toward $1.120 in the near term.<\/p>\n<h2>Another Decline in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.9550 resistance level, it could start another decline. Immediate support on the downside is near the $0.9320 level.<\/p>\n<p>The next major support is near the $0.9150 level. A downside break below the $0.9150 level could open the doors for a test of $0.900. The next major support is near the $0.880 level where the bulls might emerge.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for ADA\/USD is gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.9150 and $0.9000.<\/p>\n<p>Major Resistance Levels \u2013 $0.9750 and $1.0000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh decline below the $0.9550 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.00 level. ADA price started a fresh decline from the $1.0350 zone. The price is trading near $0.950 and the 100-hourly simple moving average. There was a break above a short-term bearish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[320],"tags":[183,321,184,317,185],"class_list":["post-2333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2333"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2334"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}