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: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • 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: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

Cardano Rebounds With 12% As Price Nears Resistance, Is $0.5 Possible?

jamesobande
jamesobande
1 year ago
3 mins read

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.

  • ADA’s price shows strength as price bounces from a downtrend with strong volume as price eyes a rally to $0.5.
  • ADA faces rejection to trend higher above $0.4 as the price faced a sharp rejection below key resistance.
  • The price of ADA continues to hold strong below the 50 Exponential Moving Average (EMA) as the price aims to rally past key areas.

The price of Cardano (ADA) has continued to hold strong as price trends toward the region of $0.4, facing rejection to trend higher to a region of $0.5. The crypto market has looked more decent this week, with Bitcoin (BTC) and Ethereum (ETH) showing some great price movement in recent times. This new relief rally across the crypto market has positively impacted smaller coins like Cardano (ADA) as price rallied from its downtrend movement to a high of $0.4 as price attempted to break its key resistance. (Data from Binance)

Related Reading: Reasons Behind The Bitcoin Price Rally – Is It Sustainable?

Cardano (ADA) Price Analysis On The Weekly Chart.

Although many altcoins have struggled to trend in a range market, the price of ADA has seen more of a downtrend move as the price of ADA dropped from a high of $3 to $0.3, seeing more than a 70% decline in its price.

ADA’s price recently declined from an all-time high of more than $3 to a region of $0.75 before rallying to a high of $1.3. ADA’s price faced resistance from $1.3 to breaking higher.

After the price of ADA was rejected at $1.3, it fell to a region of $0.4, where it appeared to have formed strong Support and, most likely, a demand zone for future buy orders, but this wasn’t the case as the price dropped a bit further to a weekly low of $0.35. The price of ADA rallied from $0.35 to a high of $0.4 as the price aimed to go higher to $0.5.

The overall structure of ADA appears to be favorable, with a high probability of price retesting the $0.5 and higher ranges. If ADA fails to break and hold above $0.43, we may see a retest of $0.35.

Weekly resistance for the price of ADA – $0.45-$0.5.

Weekly Support for the price of ADA – $0.35.

Price Analysis Of ADA On The Daily (1D) Chart

Daily ADA Price Chart | Source: ADAUSDT On Tradingview.com

In the daily timeframe, the price of ADA continues to hold strong and trade above the key Support formed at $0.35 after the price rallied from its daily low, with the current market looking favorable for most crypto assets. 

The price of ADA needs to break and hold above 50 EMA, acting as a strong resistance to the price of ADA. The price of $0.4 corresponds to the value of 50 EMA, acting as resistance for the price to break higher to a region of $0.5. 

Daily resistance for the ADA price – $0.42.

Daily Support for the ADA price – $0.35.

Related Reading

XRP

Why These Major Crypto Wallets Acquired Over 100 Million XRP In Last 24 Hours

2 years ago
Featured Image From Blockbuild, Charts From Tradingview 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

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

Bitcoin

Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S....

Scott Matherson 5 hours ago
Bitcoin

A 5% Bitcoin Drop In October? History Shows That’s Rare

According to economist Timothy Peterson, Bitcoin’s recent slide could be a short-lived wobble if October’s history repeats itself. He pointed...

Christian Encila 4 hours ago
Bitcoin

Satoshi-Era Bitcoin Whale Shorted $1.1B Before Tariff News — Insider Tip?

Bitcoin and the general crypto market have witnessed another significant downturn this year, with prices falling by double digits in...

Opeyemi Sule 7 hours 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

avalanche, Solana, Monero, SUI, pump.fun, chainlink

Solana (SOL) Price Risks Drop Below $200 After Losing Key Support, Analyst Warns

Rubmar Garcia 2 hours ago
Bitcoin ETFs

Spot Bitcoin ETFs Show Major Divergence In Inflows — What’s Happening?

Opeyemi Sule 3 hours ago

中美貿易戰底牌極限鬥大目的為談判 抄底良機比特幣價格預測重上13萬美元

Mark Mak 4 hours ago

Premium Sponsors

Press Releases

  • パイネットワーク 価格予測:2026年までに5ドル回復は可能か?徹底分析

    パイネットワーク...

    1 hour ago
  • ドージコイン 今後の価格予測:専門家が新たな強気目標を提示、27倍上昇の可能性も

    ドージコイン...

    1 hour ago
  • イーサリアム 今後:アップグレードと機関投資家の需要が価格を5,000ドル突破へ導く

    イーサリアム...

    2 hours ago
  • シバコイン 今後:データが示す“見た目以上の強さ”とは?今が投資の好機か

    シバコイン...

    2 hours ago
  • 仮想通貨おすすめ:ETF承認を目前に控えた10月、グロックが選ぶ注目の投資銘柄

    ...

    2 hours 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.