CandleFocus Cardano Price Prediction Today: ADA Could Drop Back To $0.64 Levels
2024-12-11
Author: Content Editor
Cardano (ADA) is currently trading below $1 and has experienced a 16% drop in the past week. There is uncertainty in the market due to a lack of strong rebound and the possibility of another low, in line with Bitcoin's movement. A potential reversal may occur, but without resistance being broken, confirmation is difficult. There is a possibility of a bullish divergence if ADA reaches oversold conditions on the 4-hour chart. Key price levels to watch include $1 and $1.67. ADA is following Bitcoin's movement, but is still holding above critical support levels.
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