Cryptocurrencies, including Cardano (ADA), experienced a recovery from a recent flash crash, with ADA surging by 20.82% in a single day. The positive sentiment in the crypto market is due to anticipation for upcoming US inflation data, which is expected to confirm a pause in the decrease of inflation rates. Analysts predict continued gains for cryptocurrencies in December. ADA, which lost support following a hack on the Cardano Foundation, has found support from long-term investors and is expected to continue its upward trend. Technical analysis suggests that ADA could reach $1.25 in the near future, while some analysts believe that ADA could reach $3 by early January. However, it is important for ADA to hold the $1.20 level for stable growth, as failure to do so could lead to bearish actions. Despite some bearish sentiments, there is a demand territory providing temporary support for ADA.



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