{"id":5056,"date":"2025-06-05T04:11:09","date_gmt":"2025-06-05T04:11:09","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/cardano-ada-struggles-deepen-price-slips-further-investors-on-edge\/"},"modified":"2025-06-05T04:11:09","modified_gmt":"2025-06-05T04:11:09","slug":"cardano-ada-struggles-deepen-price-slips-further-investors-on-edge","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/cardano-ada-struggles-deepen-price-slips-further-investors-on-edge\/","title":{"rendered":"Cardano (ADA) Struggles Deepen: Price Slips Further, Investors on Edge"},"content":{"rendered":"<p><em>Cardano price started a fresh decline below the $0.70 zone. ADA is now consolidating and might aim decline further below the $0.650 zone.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh decline below $0.720 and $0.700.<\/li>\n<li>The price is trading below $0.70 and the 100-hourly simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $0.6840 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh decline if it dips below the $0.650 support zone.<\/li>\n<\/ul>\n<h2>Cardano Price Dips Further<\/h2>\n<p>In the past few days, Cardano saw a fresh decline below the $0.750, unlike Bitcoin and Ethereum. ADA even declined below the $0.70 level to enter a bearish zone.<\/p>\n<p>Besides, there was a break below a bullish trend line with support at $0.6840 on the hourly chart of the ADA\/USD pair. The bears even pushed the price below the $0.70 level. A low was formed at $0.6626 and the price is now consolidating losses.<\/p>\n<p>Cardano price is now trading below $0.70 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.6720 zone. It is near the 23.6% Fib retracement level of the recent decline from the $0.7026 swing high to the $0.6626 low.<\/p>\n<p>The first resistance is near $0.6825 or the 50% Fib retracement level of the recent decline from the $0.7026 swing high to the $0.6626 low. The next key resistance might be $0.6920.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-766104\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Cardano-ADA.png?resize=1024%2C449\" alt=\"Cardano Price\" width=\"1024\" height=\"449\" \/><\/p>\n<p>If there is a close above the $0.6920 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.7350 region. Any more gains might call for a move toward $0.750 in the near term.<\/p>\n<h2>Another Decline In ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.6825 resistance level, it could start another decline. Immediate support on the downside is near the $0.6625 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 $0.620. The next major support is near the $0.60 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 $0.650 and $0.620.<\/p>\n<p>Major Resistance Levels \u2013 $0.6825 and $0.700.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh decline below the $0.70 zone. ADA is now consolidating and might aim decline further below the $0.650 zone. ADA price started a fresh decline below $0.720 and $0.700. The price is trading below $0.70 and the 100-hourly simple moving average. There was a break below a bullish trend line with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5057,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[320],"tags":[183,321,184,317,185],"class_list":["post-5056","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\/5056","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=5056"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5057"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}