{"id":3180,"date":"2025-02-28T05:11:05","date_gmt":"2025-02-28T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/cardano-ada-under-pressure-bears-target-0-50-breakdown\/"},"modified":"2025-02-28T05:11:05","modified_gmt":"2025-02-28T05:11:05","slug":"cardano-ada-under-pressure-bears-target-0-50-breakdown","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/cardano-ada-under-pressure-bears-target-0-50-breakdown\/","title":{"rendered":"Cardano (ADA) Under Pressure: Bears Target $0.50 Breakdown"},"content":{"rendered":"<p><em>Cardano price started a fresh decline from the $0.70 zone. ADA is now consolidating losses and at risk of more losses below the $0.60 level.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh decline below the $0.6850 and $0.650 levels.<\/li>\n<li>The price is trading below $0.6550 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.660 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 $0.70 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Dips Further<\/h2>\n<p>After a decent increase, Cardano faced resistance near the $0.70 zone. ADA formed a short-term top and recently started a fresh decline, like Bitcoin and Ethereum.<\/p>\n<p>There was a move below the $0.6850 and $0.6650 levels. The bears were able to push the price below $0.6350. A low was formed at $0.6016 and the price is now consolidating losses. It is still below the 23.6% Fib retracement level of the downward wave from the $0.6769 swing high to the $0.6016 low.<\/p>\n<p>Cardano price is now trading below $0.650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.620 zone. The first resistance is near $0.640 and the 50% Fib retracement level of the downward wave from the $0.6769 swing high to the $0.6016 low.<\/p>\n<p>The next key resistance might be $0.660. There is also a connecting bearish trend line forming with resistance at $0.660 on the hourly chart of the ADA\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-704246\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Cardano-ADA_c90e32.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>If there is a close above the $0.660 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.680 region. Any more gains might call for a move toward $0.70 in the near term.<\/p>\n<h2>More Losses in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.660 resistance level, it could start another decline. Immediate support on the downside is near the $0.60 level.<\/p>\n<p>The next major support is near the $0.5850 level. A downside break below the $0.5850 level could open the doors for a test of $0.550. The next major support is near the $0.50 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 bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.6000 and $0.5850.<\/p>\n<p>Major Resistance Levels \u2013 $0.6600 and $0.7000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh decline from the $0.70 zone. ADA is now consolidating losses and at risk of more losses below the $0.60 level. ADA price started a fresh decline below the $0.6850 and $0.650 levels. The price is trading below $0.6550 and the 100-hourly simple moving average. There is a connecting bearish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[320],"tags":[183,321,184,317,185],"class_list":["post-3180","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\/3180","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=3180"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3180\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3181"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}