09:38
Cardano Price Prediction: ADA Hovers in Key Range, $0.38 Support Becomes Crucial for December Market
Cardano (ADA) price continues to fluctuate within the $0.40 to $0.45 range, with the market watching closely to see if the key support at $0.38 can hold. Currently, ADA is trading around $0.43, just below the short-term resistance at $0.45. If it fails to break out with strong volume above the $0.45-$0.47 zone, the price structure may continue to show weakness and consolidation through late December.
On a higher time frame, ADA has declined from its 2025 high of $1.32, remaining in a long-term downtrend overall. Although the RSI has rebounded from oversold territory, providing conditions for a short-term bounce, it has not disrupted the broader bearish structure. On the daily chart, major resistance is concentrated at $0.446-$0.47 (including the 200-day moving average), while key support lies between $0.423 and $0.40. A break below this support could see the range extend down to $0.33-$0.35.
ADA3.31%
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