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  • flokiFLOKI (FLOKI) $ 0.000178
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  • theta-tokenTheta Network (THETA) $ 1.61
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,525.30
  • notcoinNotcoin (NOT) $ 0.015594
  • bitget-tokenBitget Token (BGB) $ 1.11
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  • msolMarinade Staked SOL (MSOL) $ 164.50
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  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,400.85
  • usddUSDD (USDD) $ 0.997476
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  • lido-staked-solLido Staked SOL (STSOL) $ 157.82
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  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,703.54
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  • theta-fuelTheta Fuel (TFUEL) $ 0.075290
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  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.094799
  • wemix-tokenWEMIX (WEMIX) $ 1.31
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  • arkhamArkham (ARKM) $ 1.99
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  • stader-ethxStader ETHx (ETHX) $ 3,504.35
  • ocean-protocolOcean Protocol (OCEAN) $ 0.661692
  • pax-goldPAX Gold (PAXG) $ 2,301.20
  • aevo-exchangeAevo (AEVO) $ 0.506670
  • woo-networkWOO (WOO) $ 0.221848
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.01
  • blurBlur (BLUR) $ 0.246268
  • magaMAGA (TRUMP) $ 8.80
  • corgiaiCorgiAI (CORGIAI) $ 0.001193
  • memecoin-2Memecoin (MEME) $ 0.019794
  • curve-dao-tokenCurve DAO (CRV) $ 0.323865
  • usdbUSDB (USDB) $ 0.998379
  • axelarAxelar (AXL) $ 0.576926
  • paypal-usdPayPal USD (PYUSD) $ 0.997409
  • raydiumRaydium (RAY) $ 1.53
  • astarAstar (ASTR) $ 0.069908
  • mx-tokenMX (MX) $ 3.98
  • echelon-primeEchelon Prime (PRIME) $ 9.51
  • aerodrome-financeAerodrome Finance (AERO) $ 0.767552
  • iotexIoTeX (IOTX) $ 0.041028
  • ether-fiEther.fi (ETHFI) $ 3.30
  • golemGolem (GLM) $ 0.375284
  • dydxdYdX (ETHDYDX) $ 1.39
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.14
  • osmosisOsmosis (OSMO) $ 0.550903
  • turboTurbo (TURBO) $ 0.005284
  • compound-ethercETH (CETH) $ 68.33
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  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000017
  • stepnGMT (GMT) $ 0.167839
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  • safepalSafePal (SFP) $ 0.757680
  • aragonAragon (ANT) $ 8.66
  • ioio.net (IO) $ 3.59
  • manta-networkManta Network (MANTA) $ 1.04
  • compound-governance-tokenCompound (COMP) $ 48.72
  • zilliqaZilliqa (ZIL) $ 0.017838
  • holotokenHolo (HOT) $ 0.001866
  • polymeshPolymesh (POLYX) $ 0.310551
  • celoCelo (CELO) $ 0.600991
  • biconomyBiconomy (BICO) $ 0.396573
  • ankrAnkr Network (ANKR) $ 0.032040
  • compound-wrapped-btccWBTC (CWBTC) $ 1,242.49
  • 0x0x Protocol (ZRX) $ 0.371205
  • radixRadix (XRD) $ 0.029806

ADA Price Underperforms: Can Cardano Catch Up with Other Altcoins?

0 34

Cardano (ADA) is struggling to start a fresh increase above the $0.500 resistance zone. ADA must stay above the $0.480 support to start a decent upward move.

  • ADA price is struggling to gain bullish momentum above the $0.50 zone.
  • The price is trading above $0.480 and the 100-hourly simple moving average.
  • There is a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair (data source from Kraken).
  • The pair could gain bullish momentum if there is a close above $0.500.

Cardano Price Remains Supported

In the past few days, Cardano started a recovery wave from the $0.4620 zone, but lagged behind Bitcoin and Ethereum. ADA price broke the $0.4750 and $0.480 levels to move into a short-term bullish zone.

The price even spiked above $0.50 but it failed to continue higher. A high was formed at $0.510 and recently there was a downside correction. The price declined below the $0.4980 support. It dipped below the 23.6% Fib retracement level of the upward move from the $0.4614 swing low to the $0.510 low.

Cardano is now trading above $0.480 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $0.480 on the hourly chart of the ADA/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.4614 swing low to the $0.510 low.

ADA Price Underperforms: Can Cardano Catch Up with Other Altcoins?

On the upside, immediate resistance is near the $0.4980 zone. The first resistance is near $0.510. The next key resistance might be $0.5250. If there is a close above the $0.5250 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.5450 region. Any more gains might call for a move toward $0.5650.

Another Decline in ADA?

If Cardano’s price fails to climb above the $0.4980 resistance level, it could start another decline. Immediate support on the downside is near the $0.450 level.

The next major support is near the $0.480 level. A downside break below the $0.480 level could open the doors for a test of $0.4620. The next major support is near the $0.450 level.

Technical Indicators

Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.

Major Support Levels – $0.4850, $0.4800, and $0.4620.

Major Resistance Levels – $0.4980, $0.5100, and $0.5250.

Source

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