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**Cardano (ADA) Price Prediction for December 23**
As we approach the end of the year, market analysts are keeping a close eye on the performance of various cryptocurrencies. In this article, we’ll provide a detailed price prediction for Cardano (ADA) as of December 23.
According to Denys Serhiichuk, an experienced trader and analyst with over 5 years of trading experience, the current market conditions suggest a bearish trend for ADA. The author notes that if the breakout of the $0.8931 level does not occur, the decline is likely to continue towards the $0.88-$0.89 area.
In his analysis, Denys Serhiichuk emphasizes that from a midterm perspective, the situation remains more bearish than bullish. He suggests that if the weekly bar closes around current prices or below them, traders may witness a test of the $0.8173 level shortly.
As of this writing, Cardano (ADA) is trading at $0.8961.
It’s essential to note that every investment and all trading involves risk, so it’s crucial to perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
**Disclaimer:** The opinions expressed in this article are not investment advice; they are provided for informational purposes only.
Source: u.today
