Cardano (ADA) In The Red: Struggles Persist Under $1.00

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	27,166,582,884	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

27,166,582,884

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0317	4.33%	0.7636	0.7635	0.7637

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0317

4.33%

0.7636

0.7635

0.7637

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.7659	0.7323	0.7349	0.7319	0.275966 - 1.33

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.7659

0.7323

0.7349

0.7319

0.275966 - 1.33

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	07:28:00	269.11	0.7636	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

07:28:00

269.11

0.7636

USD

Price x Volume	Volume	Base Symbol	Related Pairs
8,995,026.12	11,993,188.86	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

8,995,026.12

11,993,188.86

Cardano (ADA) In The Red: Struggles Persist Under $1.00

27/01/2025 5:18am

NEWSBTC

Cardano price started a fresh decline below the $1.00 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 $1.020 zone. The price is trading below $1.00 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.9750 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.00 resistance zone. Cardano Price Settles Below $1.00 After struggling to stay above the $1.050 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $1.00 and $0.9750 support levels. There was a break below a key bullish trend line with support at $0.9750 on the hourly chart of the ADA/USD pair. The pair even traded below the $0.920 support. A low was formed at $0.91645 and the price is now attempting to recover. There was a move above the $0.9220 level. Cardano price is now trading below $1.00 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.9350 zone. It is near the 23.6% Fib retracement level of the downward move from the $0.9998 swing high to the $0.9164 low. The first resistance is near $0.9550 or the 50% Fib retracement level of the downward move from the $0.9998 swing high to the $0.9164 low. The next key resistance might be $0.9680. If there is a close above the $0.9680 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term. Another Decline in ADA? If Cardano’s price fails to climb above the $0.9350 resistance level, it could start another decline. Immediate support on the downside is near the $0.9160 level. The next major support is near the $0.90 level. A downside break below the $0.90 level could open the doors for a test of $0.8650. The next major support is near the $0.8450 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.9160 and $0.9000. Major Resistance Levels – $0.9350 and $0.9680.

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ADAUSD Cardano