{"id":1455,"date":"2024-11-20T19:13:09","date_gmt":"2024-11-20T19:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/cardano-ada-sets-sights-on-new-gains-is-a-surge-imminent\/"},"modified":"2024-11-20T19:13:09","modified_gmt":"2024-11-20T19:13:09","slug":"cardano-ada-sets-sights-on-new-gains-is-a-surge-imminent","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/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 Bitcoin and Ethereum. 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><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" 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\" \/><\/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>\n","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":1,"featured_media":1456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[50,51,52,53,54],"class_list":["post-1455","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:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=1455"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/1456"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=1455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=1455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=1455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}