CandleFocus Cardano Price Prediction Today: What’s Next After 17% Dip?
2024-12-10
Author: Content Editor
Cardano (ADA) has experienced a significant drop in price, falling below $1 and decreasing by over 17% in the past day. The altcoin is facing resistance between $1.12 and $1.24 on the weekly chart, along with other top cryptocurrencies like XRP and DOGE. There are key support levels to watch at $0.90 and $0.82, and a move below $0.82 could indicate a deeper pullback. Short-term charts show a bearish divergence, with higher highs in price and lower highs in the Relative Strength Index (RSI), suggesting a potential slowdown or pullback. However, the long-term outlook for the crypto market remains bullish, and it is important for traders to monitor price action to determine if a breakout or pullback is imminent.
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