The post Cardano (ADA) Price Analysis for December 26 appeared on BitcoinEthereumNews.com. The market is rising today after a few days of correction, according The post Cardano (ADA) Price Analysis for December 26 appeared on BitcoinEthereumNews.com. The market is rising today after a few days of correction, according

Cardano (ADA) Price Analysis for December 26

The market is rising today after a few days of correction, according to CoinMarketCap.

Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) has increased by 1.46% over the last 24 hours.

Image by TradingView

On the hourly chart, the price of ADA keeps looking bullish on the hourly chart. If buyers can hold the gained initiative, one can expect a level breakout, followed by a move to the $0.36 mark.

Image by TradingView

On the longer time frame, the rate of ADA has once again bounced off the support of $0.3466. However, buyers might need more time to accumulate energy for a further move. 

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In this case, sideways trading in the zone of $0.35-$0.37 is the most likely scenario.

Image by TradingView

From the midterm point of view, the price of the altcoin has made a false breakout of the previous candle’s low. If the bar closes far from that mark, there is a chance to see a bounce off to $0.38-$0.40 for the rest of the month.

ADA is trading at $0.3569 at press time.

Source: https://u.today/cardano-ada-price-analysis-for-december-26

Market Opportunity
Cardano Logo
Cardano Price(ADA)
$0.3512
$0.3512$0.3512
+1.23%
USD
Cardano (ADA) Live Price Chart
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