{"id":5255,"date":"2025-05-07T13:00:38","date_gmt":"2025-05-07T13:00:38","guid":{"rendered":"https:\/\/coinscap.info\/blog\/cardano-bounce-losing-strength-ada-recovery-could-fade-soon\/"},"modified":"2025-05-07T13:00:38","modified_gmt":"2025-05-07T13:00:38","slug":"cardano-bounce-losing-strength-ada-recovery-could-fade-soon","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/cardano-bounce-losing-strength-ada-recovery-could-fade-soon\/","title":{"rendered":"Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon"},"content":{"rendered":"<p><em>Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again.<\/em><\/p>\n<ul>\n<li>ADA price started a recovery wave from the $0.6420 zone.<\/li>\n<li>The price is trading below $0.680 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start another increase if it clears the $0.6850 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Faces Resistance<\/h2>\n<p>In the past few days, Cardano saw a fresh decline from the $0.730 level, like Bitcoin and Ethereum. ADA declined below the $0.70 and $0.680 support levels.<\/p>\n<p>A low was formed at $0.6426 and the price is again moving higher. There was a move above the $0.6550 level. The price cleared the 23.6% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Besides, there was a break above a connecting bearish trend line with resistance at $0.650 on the hourly chart of the ADA\/USD pair.<\/p>\n<p>However, the bears are active near the $0.6850 resistance and the 50% Fib retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. Cardano price is now trading below $0.680 and the 100-hourly simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-745817\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Cardano-ADA_3e3864.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>On the upside, the price might face resistance near the $0.680 zone. The first resistance is near $0.6850. The next key resistance might be $0.7090. If there is a close above the $0.7090 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.730 region. Any more gains might call for a move toward $0.750 in the near term.<\/p>\n<h2>Another Drop in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.6850 resistance level, it could start another decline. Immediate support on the downside is near the $0.6630 level.<\/p>\n<p>The next major support is near the $0.6500 level. A downside break below the $0.650 level could open the doors for a test of $0.6320. The next major support is near the $0.6175 level where the bulls might emerge.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for ADA\/USD is losing momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.6630 and $0.6500.<\/p>\n<p>Major Resistance Levels \u2013 $0.6850 and $0.7090.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a recovery wave from the $0.6420 zone. ADA is now facing resistance near $0.6850 and might decline again. ADA price started a recovery wave from the $0.6420 zone. The price is trading below $0.680 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5256,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[466],"tags":[184,467,265,70,69],"class_list":["post-5255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-adabtc","tag-adausd","tag-adausdt","tag-cardano"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/5255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=5255"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/5255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/5256"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=5255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=5255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=5255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}