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  • dogecoinDogecoin (DOGE) $ 0.136402
  • the-open-networkToncoin (TON) $ 7.96
  • cardanoCardano (ADA) $ 0.414388
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  • leo-tokenLEO Token (LEO) $ 5.85
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  • internet-computerInternet Computer (ICP) $ 9.22
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  • kaspaKaspa (KAS) $ 0.154282
  • fetch-aiFetch.ai (FET) $ 1.47
  • aptosAptos (APT) $ 7.88
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,552.99
  • ethena-usdeEthena USDe (USDE) $ 1.00
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  • filecoinFilecoin (FIL) $ 5.21
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  • cosmosCosmos Hub (ATOM) $ 7.17
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  • crypto-com-chainCronos (CRO) $ 0.099006
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  • dogwifcoindogwifhat (WIF) $ 2.54
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  • optimismOptimism (OP) $ 2.07
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  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,959.69
  • flokiFLOKI (FLOKI) $ 0.000204
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  • lido-daoLido DAO (LDO) $ 2.01
  • fantomFantom (FTM) $ 0.629543
  • ondo-financeOndo (ONDO) $ 1.19
  • jasmycoinJasmyCoin (JASMY) $ 0.035297
  • theta-tokenTheta Network (THETA) $ 1.70
  • bonkBonk (BONK) $ 0.000026
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,679.76
  • bitget-tokenBitget Token (BGB) $ 1.16
  • thorchainTHORChain (RUNE) $ 4.67
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  • based-brettBrett (BRETT) $ 0.148815
  • coredaoorgCore (CORE) $ 1.56
  • whitebitWhiteBIT Coin (WBT) $ 9.66
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  • quant-networkQuant (QNT) $ 83.21
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  • neoNEO (NEO) $ 12.76
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  • roninRonin (RON) $ 2.58
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  • pendlePendle (PENDLE) $ 5.45
  • oasis-networkOasis Network (ROSE) $ 0.123176
  • worldcoin-wldWorldcoin (WLD) $ 3.42
  • wormholeWormhole (W) $ 0.454144
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,569.16
  • tezosTezos (XTZ) $ 0.817059
  • akash-networkAkash Network (AKT) $ 3.34
  • singularitynetSingularityNET (AGIX) $ 0.622802
  • conflux-tokenConflux (CFX) $ 0.187214
  • msolMarinade Staked SOL (MSOL) $ 173.14
  • nexoNEXO (NEXO) $ 1.35
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  • mina-protocolMina Protocol (MINA) $ 0.661676
  • ecasheCash (XEC) $ 0.000037
  • usddUSDD (USDD) $ 0.998181
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  • havvenSynthetix Network (SNX) $ 2.20
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  • lido-staked-solLido Staked SOL (STSOL) $ 170.84
  • klay-tokenKlaytn (KLAY) $ 0.180497
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  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.110171
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000101
  • ioio.net (IO) $ 5.67
  • theta-fuelTheta Fuel (TFUEL) $ 0.081184
  • magaMAGA (TRUMP) $ 11.46
  • axelarAxelar (AXL) $ 0.765868
  • aevo-exchangeAevo (AEVO) $ 0.626639
  • illuviumIlluvium (ILV) $ 80.00
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  • xdce-crowd-saleXDC Network (XDC) $ 0.034169
  • bitcoin-goldBitcoin Gold (BTG) $ 28.68
  • true-usdTrueUSD (TUSD) $ 0.998198
  • woo-networkWOO (WOO) $ 0.249524
  • corgiaiCorgiAI (CORGIAI) $ 0.001359
  • iotexIoTeX (IOTX) $ 0.049474
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.11
  • stader-ethxStader ETHx (ETHX) $ 3,671.64
  • ether-fiEther.fi (ETHFI) $ 3.98
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000022
  • raydiumRaydium (RAY) $ 1.71
  • astarAstar (ASTR) $ 0.079063
  • arkhamArkham (ARKM) $ 1.88
  • pax-goldPAX Gold (PAXG) $ 2,339.17
  • memecoin-2Memecoin (MEME) $ 0.021343
  • golemGolem (GLM) $ 0.433443
  • polymeshPolymesh (POLYX) $ 0.406988
  • apenftAPENFT (NFT) $ 0.00000043
  • aerodrome-financeAerodrome Finance (AERO) $ 0.846235
  • paypal-usdPayPal USD (PYUSD) $ 0.998711
  • manta-networkManta Network (MANTA) $ 1.27
  • echelon-primeEchelon Prime (PRIME) $ 10.02
  • dydxdYdX (ETHDYDX) $ 1.54
  • ocean-protocolOcean Protocol (OCEAN) $ 0.630583
  • usdbUSDB (USDB) $ 0.999907
  • stepnGMT (GMT) $ 0.192781
  • compound-ethercETH (CETH) $ 71.67
  • kusamaKusama (KSM) $ 26.59
  • osmosisOsmosis (OSMO) $ 0.600542
  • wemix-tokenWEMIX (WEMIX) $ 1.10
  • biconomyBiconomy (BICO) $ 0.491763
  • curve-dao-tokenCurve DAO (CRV) $ 0.308097
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.27
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004238
  • mx-tokenMX (MX) $ 3.80
  • safepalSafePal (SFP) $ 0.794822
  • compound-governance-tokenCompound (COMP) $ 53.37
  • celoCelo (CELO) $ 0.677486
  • radixRadix (XRD) $ 0.034776
  • zilliqaZilliqa (ZIL) $ 0.019637
  • aragonAragon (ANT) $ 9.06
  • holotokenHolo (HOT) $ 0.002025
  • superfarmSuperVerse (SUPER) $ 0.794260
  • dymensionDymension (DYM) $ 2.02
  • terra-luna-2Terra (LUNA) $ 0.513341
  • altlayerAltLayer (ALT) $ 0.229771
  • jito-governance-tokenJito (JTO) $ 2.84
  • ankrAnkr Network (ANKR) $ 0.034902
  • zcashZcash (ZEC) $ 22.99

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

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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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