{"id":11797,"date":"2024-11-20T05:08:24","date_gmt":"2024-11-20T05:08:24","guid":{"rendered":"https:\/\/cryptd.in\/cardano-ada-sets-sights-on-new-gains-is-a-surge-imminent\/"},"modified":"2024-11-20T05:08:24","modified_gmt":"2024-11-20T05:08:24","slug":"cardano-ada-sets-sights-on-new-gains-is-a-surge-imminent","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pt\/cardano-ada-sets-sights-on-new-gains-is-a-surge-imminent\/","title":{"rendered":"Cardano (ADA) Sets Sights on New Gains: Is a Surge Imminent?"},"content":{"rendered":"<p><em>Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880.<\/em><\/p>\n<ul>\n<li>ADA price started a downside correction after a strong rally toward $0.8200.<\/li>\n<li>The price is trading above $0.740 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a short-term contracting triangle with resistance at $0.7550 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 $0.7880 resistance zone.<\/li>\n<\/ul>\n<h2>Cardano Price Holds Gains Above Support<\/h2>\n<p>In the past few days, Cardano saw a major increase above the $0.50 resistance. ADA outpaced <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-rise-94k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-challenges-3220\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a move above the $0.650 and $0.750 resistance levels.<\/p>\n<p>It even cleared the $0.800 level. A high was formed at $0.8199 before there was a pullback. The price tested the $0.6880 support and is currently rising. There was a move above the $0.740 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low.<\/p>\n<p>Besides, there was a break above a short-term contracting triangle with resistance at $0.7550 on the hourly chart of the ADA\/USD pair. Cardano price is now trading above $0.740 and the 100-hourly simple moving average.<\/p>\n<p>On the upside, the price might face resistance near the $0.7750 zone. The first resistance is near $0.7880 or the 76.4% Fib retracement level of the downward move from the $0.8199 swing high to the $0.6893 low. The next key resistance might be $0.8180.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-653971 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Cardano-ADA_dcc377.png?resize=1024%2C478\" alt=\"Cardano Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>If there is a close above the $0.8180 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.8800 region. Any more gains might call for a move toward $0.950.<\/p>\n<h2>Are Dips Supported in ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.7880 resistance level, it could start another decline. Immediate support on the downside is near the $0.750 level.<\/p>\n<p>The next major support is near the $0.740 level. A downside break below the $0.740 level could open the doors for a test of $0.6880. The next major support is near the $0.600 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 $0.7400 and $0.7200.<\/p>\n<p>Major Resistance Levels \u2013 $0.7880 and $0.8180.<\/p>","protected":false},"excerpt":{"rendered":"<p>Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880. ADA price started a downside correction after a strong rally toward $0.8200. The price is trading above $0.740 and the 100-hourly simple moving average. There was a break above a short-term contracting [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":11798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cardano (ADA) Sets Sights on New Gains: Is a Surge Imminent? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/pt\/cardano-ada-sets-sights-on-new-gains-is-a-surge-imminent\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano (ADA) Sets Sights on New Gains: Is a Surge Imminent? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Cardano price started a consolidation phase above the $0.700 zone. ADA is holding gains and might aim for a fresh increase above $0.7880. ADA price started a downside correction after a strong rally toward $0.8200. The price is trading above $0.740 and the 100-hourly simple moving average. 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