{"id":5885,"date":"2024-12-09T06:25:26","date_gmt":"2024-12-09T05:25:26","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=5885"},"modified":"2024-12-09T06:25:26","modified_gmt":"2024-12-09T05:25:26","slug":"cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/","title":{"rendered":"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon?"},"content":{"rendered":"<p><\/p>\n<p><em>The price of Cardano has initiated a downward correction from the $1.325 area. ADA is currently consolidating and encountering challenges around the $1.20 and $1.240 price points.<\/em><\/p>\n<ul>\n<li>The price of ADA commenced a retracement after it was unable to maintain its position above $1.30.<\/li>\n<li>The current trading price is below $1.20 and the 100-hourly simple moving average.<\/li>\n<li>A significant bearish trend line is emerging, presenting resistance at $1.20 on the hourly chart for the ADA\/USD pair (data sourced from Kraken).<\/li>\n<li>The pair may initiate another upward movement if it breaks through the $1.240 resistance area.<\/li>\n<\/ul>\n<h2>Cardano Price Targets Fresh Upsurge<\/h2>\n<p>After struggling to remain above $1.30, Cardano entered a downward correction. ADA underperformed compared to <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-at-crossroads-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-struggles-4k\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>, dropping below the $1.20 mark. The price even dipped beneath $1.150 before buyers stepped in.<\/p>\n<p>A low of $1.1173 was established prior to a fresh upward movement. The price moved past the $1.140 and $1.1550 resistance thresholds. It also exceeded the 50% Fibonacci retracement level of the downward movement from the $1.326 swing high to the $1.117 low.<\/p>\n<p>Nonetheless, bears are now active around the $1.25 level. They defended the 61.8% Fibonacci retracement level from the retreat between the $1.326 swing high and the $1.117 low.<\/p>\n<p>Cardano&#8217;s price is presently trading below $1.20 and the 100-hourly simple moving average. On the upside, resistance may be encountered near the $1.20 area. Additionally, there is a crucial bearish trend line forming with resistance at $1.20 on the hourly chart of the ADA\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Cardano-ADA.png\"><\/a><\/p>\n<p>The initial resistance is around $1.2250. The subsequent key resistance could be at $1.2450. Should the price close above the $1.2450 barrier, it may trigger a robust rally. In such a scenario, the price might ascend towards the $1.2780 region. Further upward movement could lead to a push towards $1.320.<\/p>\n<h2>Another Drop for ADA?<\/h2>\n<p>If Cardano&#8217;s price fails to surpass the $1.20 resistance level, it might instigate another drop. Immediate support on the downside is located near the $1.150 threshold.<\/p>\n<p>The next significant support level is around $1.120. A downside breach beneath the $1.120 mark could pave the way for a test of $1.080. The next critical support is near the $1.0450 level where buyers may resurface.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for ADA\/USD is gaining traction within the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD has fallen below the 50 mark.<\/p>\n<p>Major Support Levels \u2013 $1.120 and $1.080.<\/p>\n<p>Major Resistance Levels \u2013 $1.20 and $1.2450.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/ada\/cardano-ada-battles-resistance-1-20\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Cardano has initiated a downward correction from the $1.325 area. ADA is currently consolidating and encountering challenges around the $1.20 and $1.240 price points. The price of ADA commenced a retracement after it was unable to maintain its position above $1.30. The current trading price is below $1.20 and the 100-hourly simple<\/p>\n","protected":false},"author":3,"featured_media":5886,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[352],"class_list":{"0":"post-5885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-cardano-ada-battles-resistance-a-fresh-surge-in-sight-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon? - WSJ-Crypto<\/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:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"The price of Cardano has initiated a downward correction from the $1.325 area. ADA is currently consolidating and encountering challenges around the $1.20 and $1.240 price points. The price of ADA commenced a retracement after it was unable to maintain its position above $1.30. The current trading price is below $1.20 and the 100-hourly simple\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T05:25:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/\",\"name\":\"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon? - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg\",\"datePublished\":\"2024-12-09T05:25:26+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg\",\"width\":1792,\"height\":1024,\"caption\":\"Cardano (ADA) Battles Resistance: A Fresh Surge In Sight?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon? - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/","og_locale":"it_IT","og_type":"article","og_title":"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon? - WSJ-Crypto","og_description":"The price of Cardano has initiated a downward correction from the $1.325 area. ADA is currently consolidating and encountering challenges around the $1.20 and $1.240 price points. The price of ADA commenced a retracement after it was unable to maintain its position above $1.30. The current trading price is below $1.20 and the 100-hourly simple","og_url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/","og_site_name":"WSJ-Crypto","article_published_time":"2024-12-09T05:25:26+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"2 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/","url":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/","name":"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon? - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg","datePublished":"2024-12-09T05:25:26+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2024\/12\/Cardano-Resistance.jpg","width":1792,"height":1024,"caption":"Cardano (ADA) Battles Resistance: A Fresh Surge In Sight?"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/09\/cardano-ada-faces-resistance-is-a-new-acceleration-on-the-horizon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Cardano (ADA) Faces Resistance: Is a New Acceleration on the Horizon?"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=5885"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5885\/revisions"}],"predecessor-version":[{"id":5888,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/5885\/revisions\/5888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/5886"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=5885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=5885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=5885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}