Cardano’s Uphill Battle: ADA Confronts Persistent $0.37 Resistance

BE[IN]CRYPTO11-07 18:00

Cardano (ADA) surged 10% but faces resistance at the $0.37 level, a recurring barrier for the cryptocurrency. ADA’s MVRV long/short difference shows short-term holders are likely to sell, adding ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481903011?lang=en_US&edition=fundamental","thumbnail":"https://beincrypto.com/wp-content/uploads/2024/11/bic_cardano_ADA_2-covers-850x478.jpg.optimal.jpg","is_english":true,"pubTime":"2024-11-07 18:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481903011","market":"us","top_or_hot":-1,"title":"Cardano’s Uphill Battle: ADA Confronts Persistent $0.37 Resistance","media":"BE[IN]CRYPTO","content":"<div>\n<p>Cardano (ADA) surged 10% but faces resistance at the $0.37 level, a recurring barrier for the cryptocurrency.\nADA’s MVRV long/short difference shows short-term holders are likely to sell, adding ...</p>\n\n<a href=\"https://beincrypto.com/cardano-price-jump-falls-short/\">Source Link</a>\n\n</div>\n","source":"beincrypto_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cardano’s Uphill Battle: ADA Confronts Persistent $0.37 Resistance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCardano’s Uphill Battle: ADA Confronts Persistent $0.37 Resistance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 18:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/cardano-price-jump-falls-short/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano (ADA) surged 10% but faces resistance at the $0.37 level, a recurring barrier for the cryptocurrency.\nADA’s MVRV long/short difference shows short-term holders are likely to sell, adding ...</p>\n\n<a href=\"https://beincrypto.com/cardano-price-jump-falls-short/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://beincrypto.com/cardano-price-jump-falls-short/","article_id":"2481903011","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/11/bic_cardano_ADA_2-covers-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481903011","pubTimestamp":1730973600,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Cardano  surged 10% but faces resistance at the $0.37 level, a recurring barrier for the cryptocurrency.ADA’s MVRV long/short difference shows short-term holders are likely to sell, adding potential bearish pressure on the price.A breakout above $0.37 could propel ADA to $0.39, though market sentiment and indicators show mixed signals.Cardano’s  price has recently surged by 10% in the last 24 hours, briefly sparking excitement among investors. However, this rally has brought ADA back to a familiar barrier: the $0.37 resistance.In previous instances, ADA has struggled to break past this level, often settling into a rangebound pattern. Given the historical context, there is a strong chance Cardano may once again find itself restricted under this resistance.Cardano’s recent 10% rally has brought it back to the critical resistance level of $0.37. Although the upward movement has sparked optimism, this could merely mark the beginning of another consolidation","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","RSI":"Rush Street Interactive, Inc."},"translate_title":"卡尔达诺的艰苦战斗：ADA面临持续的0.37美元阻力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1},"content_text":"Cardano (ADA) surged 10% but faces resistance at the $0.37 level, a recurring barrier for the cryptocurrency.\nADA’s MVRV long/short difference shows short-term holders are likely to sell, adding potential bearish pressure on the price.\nA breakout above $0.37 could propel ADA to $0.39, though market sentiment and indicators show mixed signals.\n\nCardano’s (ADA) price has recently surged by 10% in the last 24 hours, briefly sparking excitement among investors. However, this rally has brought ADA back to a familiar barrier: the $0.37 resistance. \nIn previous instances, ADA has struggled to break past this level, often settling into a rangebound pattern. Given the historical context, there is a strong chance Cardano may once again find itself restricted under this resistance.\nCardano Needs Bulls\nCardano’s market sentiment reflects caution, as seen in the MVRV (Market Value to Realized Value) long/short difference, which currently sits at -23%. A negative MVRV long/short difference figure implies that short-term holders (STHs) are in profit, often resulting in these investors taking profits, leading to potential selling pressure. \nHistorically, negative MVRV long/short difference values suggest STHs are more likely to dominate the market, a bearish indicator as these investors tend to sell off more quickly than long-term holders (LTHs).\nConversely, extremely positive MVRV long/short difference values would signal that LTHs are in profit, which is usually an indicator of market stability as LTHs typically hold rather than sell. Currently, the market is influenced by STHs, who are in a position to capitalize on their profits, potentially exerting downward pressure on ADA’s price. As these short-term investors sell, the bearish sentiment may persist, hindering ADA’s efforts to breach the $0.37 level.\nRead more: How To Buy Cardano (ADA) and Everything You Need To Know\nCardano MVRV Long/Short Ratio. Source: Santiment\nCardano’s broader macro momentum remains uncertain, with technical indicators such as the Relative Strength Index (RSI) revealing mixed signals. While the RSI is positioned above the neutral line of 50.0, it has not yet flipped it into solid support, a critical level that typically signifies sustained bullish momentum. \nThis indicates that Cardano’s rally may not yet be fully supported by strong upward momentum, adding to concerns about its ability to break through resistance. Furthermore, the struggle of the RSI to establish bullish dominance reflects ongoing indecisiveness in ADA’s market strength. Despite showing potential, the cryptocurrency’s momentum remains precarious, suggesting that ADA may need additional market support to break free from its rangebound state. \nCardano RSI. Source: TradingView\nADA Price Prediction: Remaining Rangebound\nCardano’s recent 10% rally has brought it back to the critical resistance level of $0.37. Although the upward movement has sparked optimism, this could merely mark the beginning of another consolidation phase. Historically, ADA has struggled to maintain upward momentum above this price, often stalling at $0.37.\nIn the past, ADA has consistently fluctuated between support at $0.33 and resistance at $0.37. Should ADA fail to surpass $0.37, it’s likely to remain within this range. This could lead to Cardano failing to make a rise towards $0.40 to recover the 14.5% loss from the late September crash.\nRead more: Cardano (ADA) Price Prediction 2024/2025/2030\nCardano Price Analysis. Source: TradingView\nHowever, if ADA does manage to breach the $0.37 resistance, a rally toward $0.39 could be on the horizon, effectively invalidating the current bearish outlook. This breakout would signal stronger buying pressure and may propel Cardano into a new growth phase.\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\nWirex App\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nBYDFi\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | November 2024\n\n\nYouHodler\n\n\n\n\n\n\n\n\nWirex App\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481903011"}