#Cardano Analysis for December 21

Irma - Dec 20 '23 - - Dev Community

๐Ÿ“ˆ Although $ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52โ€“$0.56 and a resistance range of $0.64โ€“$0.68

With #Bitcoin 's bullish trend, #ADA's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7.

Conversely, $ADA could face a deeper correction if Bitcoinโ€™s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.

ADA #priceprediction #PriceMovement #PriceTrends

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