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Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down Newsbtc 25 шіл 2024

Cardano (ADA) Falls: Ethereum’s Decline Pulls Altcoins Down 📉

Cardano (ADA) price has started a fresh decline below the $0.4120 support level, heavily influenced by Ethereum's downturn. ADA has dropped from the $0.450 resistance zone and is now trading below the $0.4120 level and the 100-hourly simple moving average. A key bearish trend line has formed resistance at $0.4060, implying more potential downsides. After climbing steadily, Cardano faced significant selling pressure near the $0.450 resistance zone, leading to a retrace below $0.4250. Ethereum's decline further dragged ADA below the $0.400 support. Currently, ADA has formed a low near $0.3919 and is consolidating its losses. If ADA attempts a recovery, it might encounter resistance near the $0.4050 zone and the 50% Fib retracement level of its downward move. First resistance is around $0.4150 with the next at $0.4220. A close above $0.4220 could initiate a strong rally, potentially pushing prices toward $0.4450 or $0.4500. However, if ADA fails to climb above $0.4050, it may continue its downtrend. Immediate support is near $0.3920, with significant support levels at $0.3800 and $0.3500. Technical indicators like the hourly MACD and RSI also suggest bearish momentum in ADA/USD.

Дереккөз: www.newsbtc.com ↗

Ұқсас мақалалар (180)

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Cardano Shows Potential for Gains Amid Market Recovery Cointurk 23 там 2024
Cardano Shows Potential for Gains Amid Market Recovery
Cardano Faces Challenges in Overcoming Resistance Levels Cointurk 15 там 2024
Cardano Faces Challenges in Overcoming Resistance Levels
Cardano Gains Momentum by Surpassing Key Resistance Levels Cointurk 20 там 2024
Cardano Gains Momentum by Surpassing Key Resistance Levels
Cardano Finds Strong Support and Enters New Uptrend Cointurk 19 там 2024
Cardano Finds Strong Support and Enters New Uptrend
Cardano Investors Show Increased Holding Patterns Cointurk 29 шіл 2024
Cardano Investors Show Increased Holding Patterns
Cardano Faces Challenges in Volatile Crypto Market Cointurk 31 шіл 2024
Cardano Faces Challenges in Volatile Crypto Market
Cryptocurrency Prices Show Potential for Growth Cointurk 26 шіл 2024
Cryptocurrency Prices Show Potential for Growth
Cardano Investors Monitor Price Fluctuations and Market Trends Cointurk 3 апта бұрын
Cardano Investors Monitor Price Fluctuations and Market Trends
Cardano (ADA) Faces Key Resistance Despite Chang Hard Fork and Market Volatility Coinotag 15 там 2024
Cardano (ADA) Faces Key Resistance Despite Chang Hard Fork and Market Volatility
Cardano (ADA) Consolidates Near Key Support Amid Selling Pressure and Bearish Momentum Challenges Coinotag 3 апта бұрын
Cardano (ADA) Consolidates Near Key Support Amid Selling Pressure and Bearish Momentum Challenges
Cardano (ADA) Bullish Sentiment Soars Ahead of August Hard Fork, Outpacing XRP Coinotag 21 там 2024
Cardano (ADA) Bullish Sentiment Soars Ahead of August Hard Fork, Outpacing XRP
Could Cardano (ADA) Face Resistance at $0.39 Amid Rising Selling Pressure and Profit-Taking? Coinotag 15 қаз 2024
Could Cardano (ADA) Face Resistance at $0.39 Amid Rising Selling Pressure and Profit-Taking?
Could Cardano (ADA) Be Poised for a Breakout Above $0.36? Exploring Potential Highs and Support Levels Coinotag 14 қаз 2024
Could Cardano (ADA) Be Poised for a Breakout Above $0.36? Exploring Potential Highs and Support Levels
Could Cardano’s Low Momentum and Weak Correlation with Bitcoin Signal Uncertain Trajectory Ahead? Coinotag 18 қаз 2024
Could Cardano’s Low Momentum and Weak Correlation with Bitcoin Signal Uncertain Trajectory Ahead?
Cardano (ADA) Recovery Hinges on Crucial $0.3 Support Amid Market Fluctuations Coinotag 08 там 2024
Cardano (ADA) Recovery Hinges on Crucial $0.3 Support Amid Market Fluctuations
Could Cardano’s $12.5 Billion Market Cap Face Challenges Without Enhanced Marketing Strategies? Coinotag 4 апта бұрын
Could Cardano’s $12.5 Billion Market Cap Face Challenges Without Enhanced Marketing Strategies?
Could Cardano (ADA) Hold Above $0.330 Amid Market Uncertainty and Price Resistance? Coinotag 3 апта бұрын
Could Cardano (ADA) Hold Above $0.330 Amid Market Uncertainty and Price Resistance?
Cardano (ADA) Faces Declining Network Activity, Threatening Key Support at $0.35 Coinotag 03 там 2024
Cardano (ADA) Faces Declining Network Activity, Threatening Key Support at $0.35
Cardano Price Faces Bearish Outlook Despite Hydra Update 0.18.0 Release Coinotag 10 там 2024
Cardano Price Faces Bearish Outlook Despite Hydra Update 0.18.0 Release
Cardano (ADA) May Face Short-Term Drop to $0.32, But Bitcoin Surge Could Lead to Possibilities Above $0.61 Coinotag 3 апта бұрын
Cardano (ADA) May Face Short-Term Drop to $0.32, But Bitcoin Surge Could Lead to Possibilities Above $0.61
Cardano: Bearish Trend Dominates Below $0.4, But Could a Rally to $0.5 Be On the Horizon? Coinotag 25 шіл 2024
Cardano: Bearish Trend Dominates Below $0.4, But Could a Rally to $0.5 Be On the Horizon?
Cardano (ADA) Lags in Growth: Can Social Hype and Strategic Narratives Revive Its Fortunes? Coinotag 03 там 2024
Cardano (ADA) Lags in Growth: Can Social Hype and Strategic Narratives Revive Its Fortunes?
Could the Upcoming Cardano Summit Influence ADA Price Movement? Exploring Potential Short-Term Trends and Resistance Levels Coinotag 16 қаз 2024
Could the Upcoming Cardano Summit Influence ADA Price Movement? Exploring Potential Short-Term Trends and Resistance Levels
Cardano (ADA) On-Chain Metrics Signal Potential Bullish Reversal Amid Current Downtrend Coinotag 11 там 2024
Cardano (ADA) On-Chain Metrics Signal Potential Bullish Reversal Amid Current Downtrend
Cardano (ADA) Faces Critical $0.3449 Resistance Level Amid Market Uncertainty Coinotag 16 там 2024
Cardano (ADA) Faces Critical $0.3449 Resistance Level Amid Market Uncertainty
Cardano (ADA) Gears Up for Sharp Price Move as Volatility Drops to Six-Week Low Coinotag 19 там 2024
Cardano (ADA) Gears Up for Sharp Price Move as Volatility Drops to Six-Week Low
Cardano’s Price Levels at $0.2 and $1.99: Potential Impacts on Market Activity and Future Breakouts Coinotag 3 күн бұрын
Cardano’s Price Levels at $0.2 and $1.99: Potential Impacts on Market Activity and Future Breakouts
Cardano (ADA) Faces Potential Challenges in Surpassing $0.39 Amid Supply Zone Resistance Coinotag 07 қаз 2024
Cardano (ADA) Faces Potential Challenges in Surpassing $0.39 Amid Supply Zone Resistance
Could a Rise in ADA Price Potentially Address Cardano’s Ongoing Challenges? Coinotag 13 қаз 2024
Could a Rise in ADA Price Potentially Address Cardano’s Ongoing Challenges?
Cardano (ADA) Price Outlook: Market Resistance and Recent Sell-Offs May Limit Recovery Potential Coinotag 2 апта бұрын
Cardano (ADA) Price Outlook: Market Resistance and Recent Sell-Offs May Limit Recovery Potential
Cardano (ADA) Faces Mixed Predictions Amid Governance Milestone and Network Growth Coinotag 01 қаз 2024
Cardano (ADA) Faces Mixed Predictions Amid Governance Milestone and Network Growth