Holding Support at $0.66 After Recent Decline
The post Holding Support at $0.66 After Recent Decline appeared on BitcoinEthereumNews.com. TLDR ADA price is holding around $0.66 after declining from the $0.730 level Price is trading below $0.680 and the 100-hourly simple moving average Resistance levels are established at $0.6850 and $0.7090 Large ADA transactions topped $9.12B in April 2025, suggesting whale accumulation Bitcoin OS enables bridgeless BTC transfers to Cardano, improving cross-chain functionality Cardano’s price has been struggling to maintain upward momentum after falling from the $0.730 level. The cryptocurrency is currently hovering around $0.66, having formed a low at $0.6426 before attempting a recovery. The price managed to break above a bearish trend line with resistance at $0.650 on the hourly chart. It also cleared the 23.6% Fibonacci retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. However, buyers are facing serious resistance near the $0.6850 mark and the 50% Fibonacci retracement level of the recent decline. This resistance has limited further upward movement. Currently, Cardano is trading below both the $0.680 level and the 100-hourly simple moving average, which suggests bearish pressure remains. The trading range has tightened between $0.6692 and $0.6936, reflecting a period of low volatility following the recent drops. Technical indicators show mixed signals. The hourly MACD is losing momentum in the bullish zone, while the RSI remains above the 50 level. On the upside, ADA faces key resistance at $0.680, followed by $0.6850. A stronger barrier exists at $0.7090, which if broken could trigger a rally toward $0.730 or even $0.750. Should the price fail to overcome the $0.6850 resistance, another decline might occur. Immediate support can be found near $0.6630, with major support at $0.6500. Whale Activity Increases On-chain data reveals an interesting development – large transaction volumes increased sharply during April 2025. According to blockchain metrics, transactions exceeding $100,000 rose before ADA reached the $0.90…
The post Holding Support at $0.66 After Recent Decline appeared on BitcoinEthereumNews.com.
TLDR ADA price is holding around $0.66 after declining from the $0.730 level Price is trading below $0.680 and the 100-hourly simple moving average Resistance levels are established at $0.6850 and $0.7090 Large ADA transactions topped $9.12B in April 2025, suggesting whale accumulation Bitcoin OS enables bridgeless BTC transfers to Cardano, improving cross-chain functionality Cardano’s price has been struggling to maintain upward momentum after falling from the $0.730 level. The cryptocurrency is currently hovering around $0.66, having formed a low at $0.6426 before attempting a recovery. The price managed to break above a bearish trend line with resistance at $0.650 on the hourly chart. It also cleared the 23.6% Fibonacci retracement level of the recent decline from the $0.7298 swing high to the $0.6426 low. However, buyers are facing serious resistance near the $0.6850 mark and the 50% Fibonacci retracement level of the recent decline. This resistance has limited further upward movement. Currently, Cardano is trading below both the $0.680 level and the 100-hourly simple moving average, which suggests bearish pressure remains. The trading range has tightened between $0.6692 and $0.6936, reflecting a period of low volatility following the recent drops. Technical indicators show mixed signals. The hourly MACD is losing momentum in the bullish zone, while the RSI remains above the 50 level. On the upside, ADA faces key resistance at $0.680, followed by $0.6850. A stronger barrier exists at $0.7090, which if broken could trigger a rally toward $0.730 or even $0.750. Should the price fail to overcome the $0.6850 resistance, another decline might occur. Immediate support can be found near $0.6630, with major support at $0.6500. Whale Activity Increases On-chain data reveals an interesting development – large transaction volumes increased sharply during April 2025. According to blockchain metrics, transactions exceeding $100,000 rose before ADA reached the $0.90…
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