{"id":1782,"date":"2024-12-13T06:00:26","date_gmt":"2024-12-13T06:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/cardano-ada-uptrend-faces-hurdles-will-bulls-break-the-barrier\/"},"modified":"2024-12-13T06:00:26","modified_gmt":"2024-12-13T06:00:26","slug":"cardano-ada-uptrend-faces-hurdles-will-bulls-break-the-barrier","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/cardano-ada-uptrend-faces-hurdles-will-bulls-break-the-barrier\/","title":{"rendered":"Cardano (ADA) Uptrend Faces Hurdles: Will Bulls Break the Barrier?"},"content":{"rendered":"<p><em>Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels.<\/em><\/p>\n<ul>\n<li>ADA price started a decent increase from the $0.910 support zone.<\/li>\n<li>The price is trading above $1.050 and the 100-hourly simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $1.160 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 $1.180 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Eyes Upside Break<\/h2>\n<p>After forming a base above the $1.00 level, Cardano started a fresh increase like Bitcoin and Ethereum. ADA was able to climb above the $1.050 and $1.120 resistance levels.<\/p>\n<p>However, the bears were active below the $1.20 level. A high was formed at $1.1781 and the price is now consolidating gains. There was a minor decline below the $1.120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high.<\/p>\n<p>Cardano price is now trading above $1.050 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $1.150 zone. There is also a major bearish trend line forming with resistance at $1.160 on the hourly chart of the ADA\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-662041\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA_3f90bd.png?resize=1024%2C478\" alt=\"Cardano Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The first resistance is near $1.180. The next key resistance might be $1.20. If there is a close above the $1.2 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.2280 region. Any more gains might call for a move toward $1.250.<\/p>\n<h2>Another Decline in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $1.180 resistance level, it could start another decline. Immediate support on the downside is near the $1.10750 level.<\/p>\n<p>The next major support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.910 swing low to the $1.1781 high. A downside break below the $1.050 level could open the doors for a test of $1.00. The next major support is near the $0.920 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 $1.070 and $1.050.<\/p>\n<p>Major Resistance Levels \u2013 $1.160 and $1.180.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a downside correction from the $1.1780 zone. ADA is consolidating and facing hurdles near the $1.180 and $1.200 levels. ADA price started a decent increase from the $0.910 support zone. The price is trading above $1.050 and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[323],"tags":[183,324,184,317,185],"class_list":["post-1782","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:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1782"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1783"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}