New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Cardano Price Hits Resistance Cardano fell below $0.9250 again. ADA is recovering and fighting to break $0.80. From $0.9250, ADA price fell. The price is below $0.850 and the 100-hour SMA. On the hourly ADA/USD chart, a negative trend line with resistance at $0.8050 is formed. If it breaks $0.7650, the pair may fall again. Cardano Price Hits Resistance Cardano fell like Bitcoin and Ethereum after battling over $0.950. Below $0.90 and $0.850 support levels, ADA fell. Movement below $0.60 support was evident. The price just begun rising after a low of $0.5105. The price broke $0.60 and $0.70 barrier. Bulls pushed the price above the 50% Fib retracement of the $0.9828 swing high to $0.5105 low. Bears presently operate near $0.80. On the hourly ADA/USD chart, a negative trend line with resistance at $0.8050 is formed. Cardano is below $0.80 and the 100-hour SMA. The upswing may encounter resistance between $0.80 and the 61.8% Fib retracement level of the bearish move from $0.9828 swing high to $0.5105 low. Around $0.820 is the initial resistance. The next hurdle may be $0.850. A closing above $0.850 barrier might spark a powerful surge. In this situation, the price may reach $0.9250. More increases might lead to $1.00 soon. Another ADA decline? If Cardano fails to break $0.80 barrier, it might fall again. Near $0.7650 is immediate downside support. Near $0.7230 is the next important support. A drop below $0.7230 might challenge $0.6880. The next significant support is $0.6250, where bulls may appear. Tech Indicators Hourly MACD - ADA/USD MACD is losing bullish momentum. Hourly RSI - ADA/USD's RSI is over 50. Key Support Levels: $0.7650, $0.7230. Major resistance levels: $0.8000, $0.8200. #MarketRebound AITokensBounce #BitcoinVsTariffs BitcoinReserveWave #PolkadotETF $BTC $XRP $ADA