NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Charted: Cardano (ADA) is Facing Hurdles, Why It Could Extend Losses

Aayush Jindal
Aayush Jindal
1 year ago
2 mins read
Cardano (ADA)

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano’s price is struggling to clear the $1.200 resistance zone. ADA remains at a risk of more losses below the $1.050 and $1.020 support levels in the near term.

  • ADA is struggling to recover, but it is still well above the $1.000 level against the US dollar.
  • The price is still facing hurdles near $1.200 and the 100 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $1.150 on the 4-hours chart of the ADA/USD pair (data source from Bitfinex).
  • The pair could dip further unless there is a clear break above $1.150 and $1.200 in the near term.

Cardano (ADA) Remains At a Risk

After a sharp rally, cardano’s price struggled to extend gains above $1.487. ADA price started a downside correction and traded below a key support near the $1.200 level.

The price even traded below the $1.100 support and settled below the 100 simple moving average (4-hours). A low is formed near $1.036 and the price is currently correcting higher. There was a break above $1.100 and $1.120 resistance levels.

There was a break above the 23.6% Fib retracement level of the downward move from the $1.487 high to $1.036 low. The price even spiked above the $1.150 resistance and the 100 simple moving average (4-hours).

Cardano (ADA)

Source: ADAUSD on TradingView.com

However, there was no upside break above the $1.200 resistance. There is also a major bearish trend line forming with resistance near $1.150 on the 4-hours chart of the ADA/USD pair. The pair is now trading well below the 50% Fib retracement level of the downward move from the $1.487 high to $1.036 low.

On the downside, the $1.050 level is a decent support. The main support is now forming near the $1.035 level. A downside break below the $1.035 level could open the doors for a move towards the $1.000 and $0.9500 levels in the near term.

Upsides Capped?

If cardano’s price stays above the $1.050 support, it could make an attempt to clear the trend line resistance at $1.150. If the bulls succeed, the price could rally towards the $1.200 and $1.220 levels.

In the stated case, the price could even climb above the $1.250 level. Any more gains could lead the price towards the $1.450 level.

Technical Indicators

4-hours MACD – The MACD for ADA/USD is struggling to gain momentum in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for ADA/USD is currently below the 50 level.

Major Support Levels – $1.050, $1.035 and $1.000.

Major Resistance Levels – $1.150, $1.200 and $1.220.

Tweet123Share196ShareSend
Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

Read more

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Cardano, ADA, Charles Hoskinson

ADA Holds $0.90 Support As Hoskinson Says Cardano Will ‘Break The Internet’

Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial...

Rubmar Garcia 5 days ago
SEC geeft crypto ETF groen licht: XRP, Cardano en Solana zijn goedgekeurd

SEC geeft crypto ETF groen licht: XRP, Cardano en Solana zijn goedgekeurd

De SEC heeft onlangs de multi crypto ETF van Grayscale goedgekeurd. Optimistisch nieuws voor de cryptomarkt, die recentelijk al aan...

Lars Diederiksen 1 week ago
cardano ada adausd

Cardano (ADA) Breaks Resistance: Will Bulls Drive Toward $1 or Risk Losing Support?

Cardano (ADA) is trading at $0.876 with a daily volume of $1.28 billion, but sellers remain in control after a...

James Halver 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

cardano ada adausd

Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?

James Halver 12 hours ago
Cardano

Can Cardano Repeat 2021 Surge? Technicals Point Toward $3–$6 Target – Details

Semilore Faleti 4 days ago
Cardano

As XRP Grabs Headlines, Can Cardano Price Surge Toward $100?

Scott Matherson 4 days ago

Premium Sponsors

Press Releases

  • 新しい仮想通貨のプレセールが250万ドル目前、投資家が急増中

    ...

    42 seconds ago
  • ビットコイン強気相場の終盤期に注目すべきアルトコインをディープシークが提案

    ...

    12 minutes ago
  • Khám Phá Các Meme Coin Tiềm Năng Khi Cá Voi Gom 62...

    1 hour ago
  • pepenode crypto presale

    Tại Sao PEPENODE Có Thể Trở Thành Một Trong Các...

    1 hour ago
  • altcoin presale

    3 Alt Coin Presale Được Dự Đoán Sẽ Tăng 5000%...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.