By Nermeen Nabil Khear 
Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance.
- ADA price started a fresh decline from the $0.9250 zone.
- The price is trading below $0.850 and the 100-hourly simple moving average.
- There is a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair (data source from Kraken).
- The pair could start another decline if it trades below the $0.7650 support zone.
Cardano Price Faces Resistance
After struggling to stay above the $0.950 level, Cardano started a fresh decline like Bitcoin and Ethereum. ADA declined below the $0.90 and $0.850 support levels.
There was a clear move below the $0.60 support zone. A low was formed at $0.5105 and the price recently started a decent upward move. The price cleared the $0.60 and $0.70 resistance levels. The bulls pumped the price above the 50% Fib retracement level of the downward move from the $0.9828 swing high to the $0.5105 low.
However, the bears are now active near the $0.80 zone. There is also a key bearish trend line forming with resistance at $0.8050 on the hourly chart of the ADA/USD pair.
Cardano price is now trading below $0.80 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.80 zone and the 61.8% Fib retracement level of the downward move from the $0.9828 swing high to the $0.5105 low.
The first resistance is near $0.820. The next key resistance might be $0.850. 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 $0.9250 region. Any more gains might call for a move toward $1.00 in the near term. If Cardano’s price fails to climb above the $0.80 resistance level, it could start another decline. Immediate support on the downside is near the $0.7650 level. The next major support is near the $0.7230 level. A downside break below the $0.7230 level could open the doors for a test of $0.6880. The next major support is near the $0.6250 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.7650 and $0.7230. Major Resistance Levels – $0.8000 and $0.8200. This articles is written by : Nermeen Nabil Khear Abdelmalak All rights reserved to : USAGOLDMIES . www.usagoldmines.com You can Enjoy surfing our website categories and read more content in many fields you may like . Why USAGoldMines ? USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
Another Decline in ADA?
Recent:
Crypto News | India Reconsiders Crypto Policy Amid Global Regulatory Shifts: Report Wayne Jones | u...
Crypto News | Boba Network Unveils Integrated DeFi Ecosystem with Multi-Platform “Flywheel Loop” Ch...
Crypto News | Elon Musk Backs Blockchain to Help US Treasury Fight Fraud Wayne Jones | usagoldmines...
Crypto News | World Liberty Financial Loses $51.7M in Crypto Amid Trump’s Tariff Impact Chayanika D...
Crypto News | Governance Votes in Favor of Proposal 6 to Resolve THORChain’s Liquidity Crisis Chaya...
Crypto News | Donald Trump’s TRUMP Meme Coin Profits Dwarf Bored Ape’s Otherside Launch Chayanika D...
Crypto News | ETH Price Rebounds on Eric Trump Endorsement but Still Trails Peers Martin Young | us...
XRP Price Prediction For February 4 Anjali Belgaumkar | usagoldmines.com
22-Year-Old Canadian Hacker Accused of Stealing $65 Million in Cryptocurrency Mustafa Mulla | usagol...
El Salvador buys 11 more Bitcoin, boosting reserves to 6,067 BTC Nellius Irene | usagoldmines.com
Why Is the Crypto Market Up Today? Here’s What’s Driving the Surge Mustafa Mulla | usagoldmines.com
Bitcoin Market Performance Shows Signs of Distribution Cycle, Analyst Reveals Samuel Edyme | usagold...
Crypto News | Trump’s memecoin rakes in $802 million yet suffers 76% drop from peak Oluwapelumi Adej...
Crypto News | Coinbase becomes UK’s largest registered crypto service provider Oluwapelumi Adejumo |...
Crypto News | Bybit CEO says total liquidations could be much as $10 billion Oluwapelumi Adejumo | u...
Crypto News | Russia to launch nationwide registry for crypto mining equipment Oluwapelumi Adejumo |...
Crypto News | Coinbase users reportedly lose over $300M yearly via social engineering scams Gino Mat...
Crypto News | Market turmoil slashes DeFi TVL by $15 billion in 24 hours Oluwapelumi Adejumo | usago...
Crypto News | Kraken secures MiFID license to offer derivatives trading in EU Assad Jafri | usagoldm...
Crypto News | Congressional Subcommittee to investigate Operation Chokepoint 2.0’s impact on crypto ...
Crypto News | Bitcoin remains resilient despite recent Trump tariff shock – Bitfinex Gino Matos | us...
Crypto News | KyberSwap exploiter gets five-count criminal indictment after stealing $65M Gino Matos...
Bitcoin Breaks $100k Again Ahead of David Sacks’ Emergency Crypto Press Conference Anjali Belgaumka...
XRP Jumps 20% Amid SEC’s Major Policy Change on Crypto Investigations Anjali Belgaumkar | usagoldmi...
Whales Are Quietly Accumulating This Token—Could It Be the Next Big Market Disruptor? Cryptopolitan ...
Bitcoin 4-Hour RSI Hits Oversold Zone – Is A BTC Rebound Near? Ash Tiwari | usagoldmines.com
XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out? Aayush Jindal | usagoldmines.com
Crypto News | Russia to launch nationwide registry for crypto mining equipment Oluwapelumi Adejumo |...
Crypto News: Xeggex CEO’s Account Hacked, Funds Go Missing Anjali Belgaumkar | usagoldmines.com
Japan PM meets with Altman, Softbank CEO — Plans to increase AI cooperation with Trump Graham Smith ...
Why some Americans are skeptical about Trump’s EO pushing a Sovereign Wealth Fund Nellius Irene | us...
2025 is a make or break year for Meta’s metaverse vision – CTO Andrew “Boz” Bosworth Hannah Collymor...
SHIB and PEPE Prices In Free Fall Whilst Remittix Is Investors Saving Grace With 250% Returns In Jan...
Bitcoin Price Climbs Back to $100K: Is This Just the Beginning? Aayush Jindal | usagoldmines.com
Ethereum Price Recovery Stalls at Resistance: Can Bulls Break Through? Aayush Jindal | usagoldmines....
Cardano’s Charles Hoskinson Talks RLUSD Plans, Ripple’s Garlinghouse Advised to Wait Until March An...
Crypto Crash: Bybit CEO Estimates Crypto Market Liquidations Likely Reached $10B Nidhi Kolhapur | us...
Kraken Secures MiFID License, Boosts EU Crypto Derivatives Presence Nidhi Kolhapur | usagoldmines.co...
Mexico Tariffs Delayed: Mexico Avoids U.S. Tariffs After Reaching Deal With Trump Nidhi Kolhapur | u...
Strong Buying in Ethereum, Time to Bag ETH Chandan Gupta | usagoldmines.com
Trump Signs Executive Order to Create U.S. Sovereign Wealth Fund Nidhi Kolhapur | usagoldmines.com
XRP Soars, But $80 Million Inflow Raises Sell-Off Concerns Chandan Gupta | usagoldmines.com
Cardano (ADA) Sees Record 58% Intraday Reversal, Key Levels to Watch Chandan Gupta | usagoldmines.co...
Why Bitcoin’s Price Crash Could Be a Buying Opportunity for Big Players Samuel Edyme | usagoldmines....
Crypto Market Enters Step 2 Of Benjamin Cowen’s Guide For 2025, What’s Next On The List? Scott Mathe...
Massive Crypto Pumps Ahead – Trump, Fed, FOMC Rates Stu L | usagoldmines.com
Coinbase Approved for Crypto Services in the UK Victor | usagoldmines.com
Solana’s stablecoin market cap surges 116% in 30 days, hitting $11.7B Nellius Irene | usagoldmines.c...
MultiVersus director speaks out against players’ threats for refunds Noor Bazmi | usagoldmines.com
Russia plans mandatory crypto mining equipment registration and tax reporting Nellius Irene | usagol...
Coinbase not doing enough after users lose $65 million between Dec 2024 and Jan 2025 – ZachXBT Hanna...
Meta is set to top $100 billion on investment in VR & smart glasses Enacy Mapakame | usagoldmine...
World Liberty Financial is moving its portfolio, all Ethereum (ETH) sent to Coinbase Prime Hristina ...
Elon Musk holds first X Spaces for his D.O.G.E, shares plan to terminate USAID and others Jai Hamid ...
President Trump says Elon Musk’s D.O.G.E has no control over Treasury payments Jai Hamid | usagoldmi...
RWA trend continues to surge while volatility rips crypto markets Hannah Collymore | usagoldmines.co...
Bybit CEO Estimates Crypto Liquidations Far Exceed Reported Figures Tanzeel Akhtar | usagoldmines.co...
South Korean City Unveils Solution to Seize More Tax Dodgers’ Crypto Tim Alper | usagoldmines.com
Bitcoin Miners Consider Hashrate Derivatives as BTC Price Rises Rachel Wolfson | usagoldmines.com
Ripple’s XRP At $10,000? Why BitLab Academy Director Calls The Price Target ‘Ridiculous’ Brenda Ngar...
Over $2 Billion Wiped Out in Biggest Crypto Crash as Trump Tariffs Cause Market Panic Muthoni Mary K...
Bitcoin Needs $3 Trillion Market Cap To Pierce $150,000: Report Aliyu Pokima | usagoldmines.com
XRP Whales Offload 70 Million Coins Amid Spot ETF Anticipation Aliyu Pokima | usagoldmines.com
Coinbase Secures VASP Registration in the UK Tanzeel Akhtar | usagoldmines.com
Coinbase Users Lose $65M in Two-Month Scam Spree as Security Lapses – ZachXBT Hassan Shittu | usagol...
Trump tariffs begin: Gold, silver, Bitcoin are in for a bloodbath Florence Muchai | usagoldmines.com
Vitalik Buterin and Ethereum need Satoshi Nakamoto mind on digital finance Florence Muchai | usagold...
TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It Christian Encila | usagoldmines.com
Meta is set to top $100 billion on investment in VR & smart glasses Enacy Mapakame | usagoldmine...
Crypto Liquidations Cross $2.22 Billion, Here’s How Much Dogecoin Traders Lost Scott Matherson | usa...
Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Sebastian Vill...
Dogecoin Crashes 40%, But This Analyst Sees A Bullish Setup Jake Simmons | usagoldmines.com
India Could Turn Pro-Crypto as Bull Market Continues. Can $BEST Presale 100x in 2025? Krishi Chowdha...
Bitcoin Open Interest Crashes By $4.5 Billion In One Weekend, Spells Doom For Bulls Scott Matherson ...
Solana Retraces TRUMP Meme Pump Gains – But Technicals Suggest A $300 Run Sebastian Villafuerte | us...
Bitcoin Traders Fearful For First Time Since October: Buying Signal? Keshav Verma | usagoldmines.com
Crypto News | Bitcoin, XRP lead $527 million inflow recovery despite volatility Oluwapelumi Adejumo ...
Crypto News | India is reconsidering its crypto policy but tightens tax rules Oluwapelumi Adejumo | ...
Trump’s World Liberty Financial (WLFI) Faces $51M Loss in Latest Crypto Crash Vignesh S G | usagoldm...
Top 6 Altcoins to Buy this Crypto Market Crash Mustafa Mulla | usagoldmines.com
Crypto Market Crashing: Record Sell-Off Overshadows LUNA and FTX Collapses Qadir AK | usagoldmines.c...
How Binance is Ensuring Legal Compliance with US Authorities Amidst Industry Scrutiny? Qadir AK | us...
Coinbase Gets FCA Approval! Now Ready to Offer Crypto Services in the UK Mustafa Mulla | usagoldmine...
Why Ethereum Price is Down Today? ETH Leads Liquidation Event Amid Crypto Crash Elena R | usagoldmi...
Why XRP Price is Down Today? How Low Can XRP Crash? Debashree Patra | usagoldmines.com
Floki’s Proposal: $125K Investment in $BADAI Token Victor | usagoldmines.com
Whales swoop in to buy Ethereum (ETH) as price crashes under $2,500 Hristina Vasileva | usagoldmines...
$2 billion liquidated! Crypto market panics as Trump spooks traders Ashish Kumar | usagoldmines.com
Crypto investors lose $130 million in Bitcoin Kuwait scam Owotunse Adebayo | usagoldmines.com
Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation Christian Encila | usagoldmin...
4 Best AI Agent Cryptos to Buy as S&P 500 Turns Bullish After DeepSeek Krishi Chowdhary | usagol...
OpenAI Announces Deep & Utah Prepares Bitcoin Bill – These AI Meme Coins to Soar 100x NewsBTC | ...
Missouri Senate Bill 614: Bitcoin for Public Funds Victor | usagoldmines.com
Best Crypto Presale? Lightchain AI Raises $14 Million And Potential For $1 In 2025 Cryptopolitan Med...
BNB Bounce From $500: A Temporary Recovery Or Start Of A Rally? Godspower Owie | usagoldmines.com
Grayscale Launches Dogecoin (DOGE) Trust Victor | usagoldmines.com
China offers trade deal to President Trump in bid to dodge US tariffs Jai Hamid | usagoldmines.com
Trump’s Coin Is Stirring Up Havoc As Shiba Inu Market Share Being Lost To New Panda Meme Launch Cryp...
South Korea’s Bitcoin Kimchi premium hits 3-year high Oluwapelumi Adejumo | usagoldmines.com
Cardano founder Wants US Budget on Blockchain Victor | usagoldmines.com