{"id":3001,"date":"2025-02-17T06:00:19","date_gmt":"2025-02-17T06:00:19","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/cardano-ada-bulls-in-action-is-a-new-upside-run-beginning\/"},"modified":"2025-02-17T06:00:19","modified_gmt":"2025-02-17T06:00:19","slug":"cardano-ada-bulls-in-action-is-a-new-upside-run-beginning","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/cardano-ada-bulls-in-action-is-a-new-upside-run-beginning\/","title":{"rendered":"Cardano (ADA) Bulls in Action\u2014Is a New Upside Run Beginning?"},"content":{"rendered":"<p><em>Cardano price started a fresh rally above the $0.750 zone. ADA is now consolidating gains and might aim for a fresh move above the $0.80 level.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh rally above the $0.720 and $0.750 levels.<\/li>\n<li>The price is trading above $0.750 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $0.770 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 $0.80 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Climbs Above $0.750<\/h2>\n<p>After forming a base above the $0.720 level, Cardano started a fresh rally beating Bitcoin and Ethereum. ADA was able to clear the $0.750 and $0.80 resistance levels.<\/p>\n<p>It even surged above the $0.820 level. A high was formed at $0.8286 before there was a downside correction. The price tested the $0.7620 zone and recently started a fresh increase. It cleared the $0.780 resistance. There was a move above the 50% Fib retracement level of the downside correction from the $0.8286 swing high to the $0.7621 low.<\/p>\n<p>There was also a break above a key bearish trend line with resistance at $0.770 on the hourly chart of the ADA\/USD pair. Cardano price is now trading above $0.780 and the 100-hourly simple moving average.<\/p>\n<p>On the upside, the price might face resistance near the $0.80 zone or the 61.8% Fib retracement level of the downside correction from the $0.8286 swing high to the $0.7621 low. The first resistance is near $0.820. The next key resistance might be $0.850.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-697576\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Cardano-ADA_38358f.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>If there is a close above the $0.850 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.90 region. Any more gains might call for a move toward $1.00 in the near term.<\/p>\n<h2>Another Decline in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.7750 level.<\/p>\n<p>The next major support is near the $0.7620 level. A downside break below the $0.7620 level could open the doors for a test of $0.750. The next major support is near the $0.720 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 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 $0.7750 and $0.7620.<\/p>\n<p>Major Resistance Levels \u2013 $0.8000 and $0.8200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh rally above the $0.750 zone. ADA is now consolidating gains and might aim for a fresh move above the $0.80 level. ADA price started a fresh rally above the $0.720 and $0.750 levels. The price is trading above $0.750 and the 100-hourly simple moving average. There was a break above&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[323],"tags":[183,324,184,317,185],"class_list":["post-3001","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\/3001","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=3001"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3002"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}