Cardano

Momentum

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cardano-struggles-to-gain-momentum-above-0-500-resistance/" data-wpel-link="internal">Cardano Struggles to Gain Momentum Above $0.500 Resistance</a><br></p>
<p style="text-align: justify">In the cryptocurrency world, <strong>Cardano</strong> (<a href="https://en.coin-turk.com/cryptocurrency-market-fluctuations-bitcoin-and-cardano-price-movements/" data-wpel-link="internal">ADA</a>) strives to gain new momentum above the $0.500 resistance zone. However, it continues to face some challenges before reaching this target. ADA must secure a solid hold above the critical support level of $0.480 to initiate a rapid rise.</p> 
<h2 style="text-align: justify" id="ada-tries-to-maintain-its-upward-potential">ADA Tries to Maintain Its Upward Potential</h2> 
<p style="text-align: justify">Recent movements in ADA’s price excite <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> and draw their close attention. The price is struggling intensely to gain momentum above the $0.50 zone. Trading above $0.480, ADA tries to keep its upward potential alive by maintaining these support levels.</p> 
<p style="text-align: justify">Technical analysis shows a clear upward trend line in the hourly chart of the <strong>ADA/USD</strong> pair. This trend line indicates that the price found strong support around $0.480 and that the upward trend could continue before falling below this level.</p> 
<p style="text-align: justify">However, it is essential to consider resistance levels as well as support. The $0.4980 region is currently identified as a critical resistance point for the price. The first resistance is around $0.510, and surpassing this level could be a crucial step for further gains.</p> 
<h2 style="text-align: justify" id="decline-could-highlight-these-levels-for-cardano">Decline Could Highlight These Levels for Cardano</h2> 
<p style="text-align: justify">Cardano’s (<strong>ADA</strong>) price has struggled to break above the $0.4980 resistance level in recent days. This situation could be interpreted as a potential signal for a decline in the cryptocurrency. If the price fails to surpass this level, another downward trend may begin, possibly moving towards an immediate support level of $0.450.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-354291 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/ADAUSDT_2024-05-22_09-54-04.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">Currently, the next critical support point for ADA is around $0.480. If the price breaks this level, it could open the doors for a test of $0.4620. However, a break below this level could signal further declines, with the next major support point expected around $0.450.</p> 
<p style="text-align: justify">Technical indicators provide some clues about the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> of the price. The hourly <strong>MACD</strong> metric gains momentum in the bearish zone for the ADA/USD pair. This indicates that the price is in a downward movement. The hourly RSI (Relative Strength Index) is currently below the 50 level, indicating that selling pressure continues.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cardano-struggles-to-gain-momentum-above-0-500-resistance/" data-wpel-link="internal">Cardano Struggles to Gain Momentum Above $0.500 Resistance</a></h5>

Cardano Struggles to Gain Momentum Above $0.500 Resistance

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