{"id":363472,"date":"2025-01-31T11:12:32","date_gmt":"2025-01-31T05:42:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=363472"},"modified":"2025-01-31T11:12:32","modified_gmt":"2025-01-31T05:42:32","slug":"cardano-ada-at-risk-breakdown-signal-suggests-further-decline-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cardano-ada-at-risk-breakdown-signal-suggests-further-decline-crypto-news\/","title":{"rendered":"Cardano (ADA) at Risk: Breakdown Signal Suggests Further Decline &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p><em>Cardano price started a fresh decline from the $1.00 zone. ADA is consolidating and might continue to move down below the $0.9350 support.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh decline from the $1.00 zone.<\/li>\n<li>The price is trading below $0.950 and the 100-hourly simple moving average.<\/li>\n<li>There was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start another decline if it trades below the $0.9350 support zone.<\/li>\n<\/ul>\n<h2>Cardano Price Turns Red<\/h2>\n<p>After struggling to stay above the $1.00 level, Cardano started a fresh decline unlike <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-comeback-103k\/\">Bitcoin<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-gains-traction-3200\/\">Ethereum<\/a>. ADA declined below the $0.9650 and $0.950 support levels.<\/p>\n<p>There was a clear move below the $0.950 support zone. Besides, there was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA\/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high.<\/p>\n<p>Cardano price is now trading below $0.950 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.950 zone. The first resistance is near $0.9650.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Cardano-ADA_e1f5a3.png\"><\/a><\/p>\n<p>The next key resistance might be $0.9880. If there is a close above the $0.9880 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.<\/p>\n<h2>Another Decline in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.950 resistance level, it could start another decline. Immediate support on the downside is near the $0.940 level and the 100-hourly simple moving average.<\/p>\n<p>The next major support is near the $0.9350 level or the 61.8% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high. A downside break below the $0.9350 level could open the doors for a test of $0.9040. The next major support is near the $0.8550 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 $0.9400 and $0.9350.<\/p>\n<p>Major Resistance Levels \u2013 $0.9500 and $0.9880.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh decline from the $1.00 zone. ADA is consolidating and might continue to move down below the $0.9350 support. ADA price started a fresh decline from the $1.00 zone. The price is trading below $0.950 and the 100-hourly simple moving average. There was a break below a key bullish trend line [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":332255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-363472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=363472"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363472\/revisions"}],"predecessor-version":[{"id":363475,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/363472\/revisions\/363475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/332255"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=363472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=363472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=363472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}