By Nermeen Nabil Khear 
Cardano price started a fresh decline from the $1.00 zone. ADA is consolidating and might continue to move down below the $0.9350 support.
- ADA price started a fresh decline from the $1.00 zone.
- The price is trading below $0.950 and the 100-hourly simple moving average.
- There was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA/USD pair (data source from Kraken).
- The pair could start another decline if it trades below the $0.9350 support zone.
Cardano Price Turns Red
After struggling to stay above the $1.00 level, Cardano started a fresh decline unlike Bitcoin and Ethereum. ADA declined below the $0.9650 and $0.950 support levels.
There was a clear move below the $0.950 support zone. Besides, there was a break below a key bullish trend line with support at $0.950 on the hourly chart of the ADA/USD pair. The pair even traded below the 50% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high.
Cardano price is now trading below $0.950 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.950 zone. The first resistance is near $0.9650.
The next key resistance might be $0.9880. If there is a close above the $0.9880 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.00 region. Any more gains might call for a move toward $1.050 in the near term. If Cardano’s price fails to climb above the $0.950 resistance level, it could start another decline. Immediate support on the downside is near the $0.940 level and the 100-hourly simple moving average. The next major support is near the $0.9350 level or the 61.8% Fib retracement level of the upward move from the $0.9007 swing low to the $0.9881 high. A downside break below the $0.9350 level could open the doors for a test of $0.9040. The next major support is near the $0.8550 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.9400 and $0.9350. Major Resistance Levels – $0.9500 and $0.9880. 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:
El Salvador Revises Bitcoin Law for IMF Deal Lawrence Mike Woriji | usagoldmines.com
Analysts pitch Nintendo stocks as safety net against uncertain AI stocks future Hannah Collymore | u...
Pump.Fun slammed with class action lawsuit over alleged $500M securities scam Nellius Irene | usagol...
Five Crypto Assets To Own In 2025: Remittix, Cardano, Litecoin, Bitcoin, and Ethereum Which Will Ris...
SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Rubmar Garcia | usagold...
Will Donald Trump Consider Granting SBF a Pardon? Nidhi Kolhapur | usagoldmines.com
XRP Lawsuit News: Can Acting SEC Chair Mark Uyeda Drop the Ripple Case? Anjali Belgaumkar | usagold...
Crypto News Today (Jan 31st 2025): BTC Price Now at $104k | Jasmy Coin Surges 25% Shrishesh Tanksalk...
We Asked New AI Sensation Deepseek To Pick A Crypto To Outperform Solana and XRP In 2025 Cryptopolit...
Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues Keshav Verma | usagoldm...
Will Donald Trump Consider Granting SBF a Pardon? Nidhi Kolhapur | usagoldmines.com
US SEC greenlights Bitwise’s Bitcoin-Ethereum ETF Nellius Irene | usagoldmines.com
Hedge Fund Elliott Sees Trump’s Crypto Push Inflating a Bubble Bound to Pop Shalini Nagarajan | usag...
Bitcoin Price Prediction: How Likely Is $250,000 For BTC and What Could This Do For January’s Bigges...
Crypto News | Bitcoin DeFi Protocol Velar Unveils .BTC Name Grant Program for Unified Identities on...
Crypto News | EigenLayer and Cartesi Team up on AI, DeFi for Mainstream Adoption George Georgiev | ...
Crypto News | Catslap Plans Massive $1M Token Burn Tomorrow – Could $SLAP be Getting Ready to Explo...
Crypto News | Solana Price Surges as New Trump Venture Lifts Market – May Solaxy Pump Next? Felix M...
Crypto News | Pi Network Community Grows in These Countries, But When Mainnet? Jordan Lyanchev | us...
Crypto News | Ethereum Could See a Pullback to $2,500 Amid Whale Absence Chayanika Deka | usagoldmi...
Crypto News | Everstake Achieves SOC 2 Type 1 Certification, Strengthening Web3 Security Amid Crypt...
Crypto News | Pump.fun User Mints 18,000 Meme Coins, Earns $3.76M Wayne Jones | usagoldmines.com
Crypto News | Crypto Community Protests MIT’s Rehiring of Gary Gensler Wayne Jones | usagoldmines.c...
Crypto News | How Supply Distribution Trends Can Affect Bitcoin’s Price, According to Santiment Man...
XRP Price Prediction For January 31 Anjali Belgaumkar | usagoldmines.com
Pump.fun Faces $500M Lawsuit: Are Memecoins Securities? Debashree Patra | usagoldmines.com
Pi Coin Grace Period Extended to February 28, 2025: Price Surges by 10% Mustafa Mulla | usagoldmines...
Governor of Russian Bitcoin Mining Hotspot Calls for Year-round Ban Tim Alper | usagoldmines.com
Why Rollblock is Guaranteed to Be the Crypto Coin That Offers The Biggest Returns in 2025! Cryptopol...
Ethereum Price Spikes 5% In A Day—Will the Rally Continue? Samuel Edyme | usagoldmines.com
Crypto News | Ethereum Could See a Pullback to $2,500 Amid Whale Absence Chayanika Deka | usagoldmi...
Crypto News: Bankman-Fried’s Family Seeks Trump Pardon After Ulbricht’s Release Anjali Belgaumkar |...
ECB President Christine Lagarde Rejects Bitcoin for EU Reserves Hassan Shittu | usagoldmines.com
Overheating Crypto Mining Rigs Blamed for Another South Korea Fire Tim Alper | usagoldmines.com
Lightchain AI Crypto Price Prediction – Here’s Why a 41x Rally in Q1 2025 is Within Reach Cryptopoli...
Bitcoin Withstands DeepSeek Dip And FOMC Volatility – How Close Is A New ATH? Ash Tiwari | usagoldmi...
XRP Price Stuck In Consolidation: Where’s The Next Big Move? Aayush Jindal | usagoldmines.com
Big News: SEC Approves Bitwise Spot Bitcoin and Ethereum ETF Anjali Belgaumkar | usagoldmines.com
Uniswap Protocol on Base posts third consecutive monthly volume ATH in January 2025 Hannah Collymore...
Tether’s USDT set to launch on Bitcoin’s base layer and Lightning Network Nellius Irene | usagoldmin...
Bitcoin Price Comeback Meets Resistance: Breakout or Rejection? Aayush Jindal | usagoldmines.com
Ethereum Price Gains Traction: Can It Sustain the Climb? Aayush Jindal | usagoldmines.com
Crypto News | Perplexity AI hints at possible crypto integration Oluwapelumi Adejumo | usagoldmines....
Crypto News | Tether answers to MiCA compliance hurdles with Hadron and Quantoz Oluwapelumi Adejumo ...
Crypto News | Kraken relaunches compliant staking for US clients after SEC settlement Assad Jafri | ...
Crypto News | Sam Bankman-Fried’s parents reportedly eye Trump pardon for jailed son Gino Matos | us...
Crypto News | Ripple’s RLUSD stablecoin crosses $3 trillion in trading within a month Gino Matos | u...
Crypto News | South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocati...
Crypto News | Czech Central Bank to pursue studying Bitcoin reserves despite ECB opposition Gino Mat...
Crypto News | Bad actors steal $80 million in January, CEXs hit hardest Assad Jafri | usagoldmines.c...
Crypto News | Grayscale files to convert its XRP into an ETF Gino Matos | usagoldmines.com
Crypto News | B2TRADER 2.2: Pioneering a new era of multi-asset trading News Desk | usagoldmines.com
Solana-based Uber rival Teleport shuts down, citing business challenges Nellius Irene | usagoldmines...
Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound Samuel Edyme | usagold...
USDC gains another step on Tether’s USDT market with Aptos mainnet launch Hannah Collymore | usagold...
Ethereum MVRV Forms Signal That Last Led To 40% Price Crash Keshav Verma | usagoldmines.com
MicroStrategy CEO Michael Saylor graces the cover of Forbes: “The Bitcoin Alchemist” Jai Hamid | usa...
Crypto hacks dropped 44% YoY in January but surged ninefold from December Nellius Irene | usagoldmin...
Grayscale files for conversion of XRP Trust to a Spot ETF with the NYSE Jai Hamid | usagoldmines.com
Copyright law doesn’t cover AI art, US Copyright Office’s new decision shows Enacy Mapakame | usagol...
SBF’s parents want to ask president Trump to pardon their convicted son Jai Hamid | usagoldmines.com
Dogecoin Open Interest Climbs To $4 Billion Again After Market Rebound Scott Matherson | usagoldmine...
Crypto News: Avalanche Cuts Transaction Costs by 75%, Boosting Network Activity Anjali Belgaumkar |...
ECB Cuts Rates, Lagarde Rules Out Bitcoin in EU Reserves Nidhi Kolhapur | usagoldmines.com
AAVE Set for 25% Rally, Traders Eye $375 Chandan Gupta | usagoldmines.com
Just In: Kraken Reintroduces Staking Products for U.S. Customers Nidhi Kolhapur | usagoldmines.com
Czech National Bank Approves Proposal to Assess Bitcoin and Other Asset Investments Nidhi Kolhapur |...
Circle Launches Native USDC on Aptos Mainnet Nidhi Kolhapur | usagoldmines.com
Breakout Alert! Lido DAO (LDO) Open Interest Soars by 30%, Bullish Sign? Chandan Gupta | usagoldmine...
Just In: Grayscale Files For Spot XRP ETF Nidhi Kolhapur | usagoldmines.com
Dogecoin (DOGE) Price Prediction Today Chandan Gupta | usagoldmines.com
XRP on the Verge of a Breakout, 40% Rally Imminent? Chandan Gupta | usagoldmines.com
Crypto Autos Integrates Solana for Luxury Car Purchases Tari | usagoldmines.com
Kraken Exchange Launched Kraken Pay for Instant Transfers Victor | usagoldmines.com
Robinhood Launches Bitcoin Futures Trading Victor | usagoldmines.com
Fed Chair Jerome Powell: Banks Can Embrace Crypto Victor | usagoldmines.com
Trump Launches Official Watches—Pay with Bitcoin or $TRUMP Victor | usagoldmines.com
Illinois Proposes 5-Year Bitcoin Reserve Strategy Lawrence Mike Woriji | usagoldmines.com
Circle Announces Native USDC Is Now Live on Aptos Mainnet Tanzeel Akhtar | usagoldmines.com
$534 Million Exit: DeepSeek Debut Sends Shockwaves Through Crypto ETFs Christian Encila | usagoldmin...
DeepSeek springs leak, are AI agent chats exposed? Hristina Vasileva | usagoldmines.com
Zuckerberg vows Meta will lead despite DeepSeek disruption Ashish Kumar | usagoldmines.com
Solo miner with FutureBit node earns the whole 3.125 BTC reward Hristina Vasileva | usagoldmines.com
Italy and Ireland ban DeepSeek on Apple and Google devices Jai Hamid | usagoldmines.com
Grayscale launches Bitcoin Mining ETF (MNRS), lists it on the New York Stock Exchange Arca Florence ...
Microsoft’s cloud division misses growth targets amid slower demand for AI services Nellius Irene | ...
Bitcoin has highest correlation with Russell 2000 tech sector – JPMorgan Florence Muchai | usagoldmi...
Kraken brings back staking for some US clients on renewed crypto regulations Hristina Vasileva | usa...
A first: Ripple (26) and Ripple (27) to unlock 1B XRP worth $3B in Feb 2025 Florence Muchai | usagol...
ECB cuts interest rates again, says they want nothing to do with Bitcoin Jai Hamid | usagoldmines.co...
Grayscale files for spot XRP ETF Enacy Mapakame | usagoldmines.com
Ross Ulbricht lost $12M from the value of his ROSS meme token Hristina Vasileva | usagoldmines.com
XRP Lawsuit: Ripple’s XRP Community Celebrates Gensler’s Exit, But There’s a Catch Newton Gitonga | ...
Stability Meets Innovation – Lightchain AI’s Presale in the Wake of Trump’s Meme Coins Cryptopolitan...
3 Must-Have Coins for Early 2025 Gains Cryptopolitan Media | usagoldmines.com
This $0.01 Coin Could Be the Next 14x Investment Opportunity Cryptopolitan Media | usagoldmines.com
Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Scott Ma...
Ross Ulbricht Wallet Woes: Accidental Transaction Tanks Pumpfun Coin By $12M Ronaldo Marquez | usago...
Bitcoin Outflows Signal Bullish Strength As Demand Remains High At $100K – What This Means Sebastian...
Czech Central Bank Governor To Propose Stunning $7 Billion Bitcoin Reserve Plan Brenda Ngari | usago...