{"id":3451,"date":"2025-03-14T05:11:06","date_gmt":"2025-03-14T05:11:06","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/cardano-ada-struggle-persists-is-a-rebound-still-possible\/"},"modified":"2025-03-14T05:11:06","modified_gmt":"2025-03-14T05:11:06","slug":"cardano-ada-struggle-persists-is-a-rebound-still-possible","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/cardano-ada-struggle-persists-is-a-rebound-still-possible\/","title":{"rendered":"Cardano (ADA) Struggle Persists\u2014Is a Rebound Still Possible?"},"content":{"rendered":"<p><em>Cardano price started a fresh decline below the $0.720 zone. ADA is correcting some losses and might face resistance near the $0.7750 level.<\/em><\/p>\n<ul>\n<li>ADA price started a recovery wave from the $0.650 zone.<\/li>\n<li>The price is trading below $0.720 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.7050 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 $0.720 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Faces Hurdles<\/h2>\n<p>In the past few days, Cardano saw a bearish wave below the $0.7750 level, like Bitcoin and Ethereum. ADA declined below the $0.750 and $0.720 support levels.<\/p>\n<p>Finally, it tested the $0.650 zone. A low was formed at $0.6495 and the price recently started a recovery wave. The price climbed above the $0.6950 and $0.70 level. The price even spiked above the 50% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low.<\/p>\n<p>Cardano price is now trading below $0.720 and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA\/USD pair.<\/p>\n<p>On the upside, the price might face resistance near the $0.7050 zone. The first resistance is near $0.7520 or the 61.8% Fib retracement level of the downward move from the $0.8170 swing high to the $0.6495 low. The next key resistance might be $0.7750.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-712136\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/Cardano-ADA_76ed08.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>If there is a close above the $0.7750 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term.<\/p>\n<h2>Another Drop in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.720 resistance level, it could start another decline. Immediate support on the downside is near the $0.6880 level.<\/p>\n<p>The next major support is near the $0.650 level. A downside break below the $0.650 level could open the doors for a test of $0.6350. The next major support is near the $0.620 level where the bulls might emerge.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for ADA\/USD is losing 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 $0.6880 and $0.6500.<\/p>\n<p>Major Resistance Levels \u2013 $0.7520 and $0.7750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh decline below the $0.720 zone. ADA is correcting some losses and might face resistance near the $0.7750 level. ADA price started a recovery wave from the $0.650 zone. The price is trading below $0.720 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3452,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[320],"tags":[183,321,184,317,185],"class_list":["post-3451","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\/3451","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=3451"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3452"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}