{"id":5065,"date":"2025-06-17T17:00:37","date_gmt":"2025-06-17T17:00:37","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/cardano-ada-faces-trouble-at-key-support-is-a-breakdown-looming\/"},"modified":"2025-06-17T17:00:37","modified_gmt":"2025-06-17T17:00:37","slug":"cardano-ada-faces-trouble-at-key-support-is-a-breakdown-looming","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/cardano-ada-faces-trouble-at-key-support-is-a-breakdown-looming\/","title":{"rendered":"Cardano (ADA) Faces Trouble at Key Support \u2014 Is a Breakdown Looming?"},"content":{"rendered":"<p><em>Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support.<\/em><\/p>\n<ul>\n<li>ADA price started a fresh decline below $0.70 and $0.680.<\/li>\n<li>The price is trading below $0.680 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a fresh decline if it dips below the $0.620 support zone.<\/li>\n<\/ul>\n<h2>Cardano Price Dips Further<\/h2>\n<p>In the past few days, Cardano saw a fresh decline below the $0.720, unlike Bitcoin and Ethereum. ADA even declined below the $0.70 level to enter a bearish zone.<\/p>\n<p>The bears even pushed the price below the $0.680 level. A low was formed at $0.6134 and the price recently corrected some losses. There was a move above the $0.620 and $0.6350 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low.<\/p>\n<p>However, the bears remained active near $0.6560. Cardano price is now trading above $0.620 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $0.630 on the hourly chart of the ADA\/USD pair.<\/p>\n<p>On the upside, the price might face resistance near the $0.650 zone. The first resistance is near $0.6560. The next key resistance might be $0.6720. It is close to the 50% Fib retracement level of the downward move from the $0.7311 swing high to the $0.6134 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-772647\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/06\/Cardano-ADA_d38ceb.png?resize=1024%2C479\" alt=\"Cardano Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>If there is a close above the $0.6720 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.70 region. Any more gains might call for a move toward $0.7350 in the near term.<\/p>\n<h2>Another Drop In ADA?<\/h2>\n<p>If Cardano\u2019s price fails to climb above the $0.6720 resistance level, it could start another decline. Immediate support on the downside is near the $0.630 level.<\/p>\n<p>The next major support is near the $0.620 level. A downside break below the $0.620 level could open the doors for a test of $0.60. The next major support is near the $0.5650 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 bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for ADA\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.630 and $0.620.<\/p>\n<p>Major Resistance Levels \u2013 $0.6560 and $0.6720.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano price started a fresh decline below the $0.680 zone. ADA is now consolidating and might struggle to stay above the $0.620 support. ADA price started a fresh decline below $0.70 and $0.680. The price is trading below $0.680 and the 100-hourly simple moving average. There is a key bullish trend line forming with support&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5066,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[79,80,81,82,83],"class_list":["post-5065","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:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/5065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=5065"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/5065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/5066"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=5065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=5065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=5065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}