Cardano (ADA) Price Prediction for December 3
WikiBit 2024-12-03 21:52
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Cardano (ADA) Price Prediction for December 3
Most of the coins have come back to the green zone after a correction, according to CoinMarketCap.
Top coins by CoinMarketCapADA/USD
Cardano (ADA) is one of the biggest gainers today, rocketing by 16.54%.
Image by TradingView
Despite todays sharp rise, the price of ADA is going down after a false breakout of the local resistance of $1.3081.
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If the daily bar closes near the support level, there is a chance to see an ongoing drop to the $1.15-$1.20 zone.
Image by TradingView
On the bigger time frame, one should pay attention to the candles closure in terms of the $1.2424 level. If the bar closes below it and with a long wick, sellers may seize the initiative.
Image by TradingView
From the midterm point of view, one should wait until the weekly candle closes. If it happens near the $1.30 mark and above it, growth may continue to the $1.40-$1.50 range by the end of the month.
ADA is trading at $1.2557 at press time.
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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