CandleFocus

Cardano Price Prediction For December 9

Author: Content Editor
The current price action of ADA suggests consolidation, with no upward breakout yet. ADA is currently trading slightly below $1, but has gained more than 12% in the last week. Support levels are between $0.83 and $1.16, with $0.93 and $0.83 as the most relevant levels. Breaking below $0.83 could lead to a larger correction. ADA remains in a consolidation phase, but it could soon break out of this sideways movement. The most recent low of $1.16 is an important level to watch. The primary level to watch for an upside breakout is the trendline forming the triangle pattern, specifically the $1.24-$1.25 range. The next targets after a breakout would be $1.42 and $1.72, but the confirmation of the triangle pattern is still pending.

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