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Cardano (ADA) Price Prediction for December 19
The cryptocurrency market is expected to experience increased volatility in the coming days as it reacts to various economic and geopolitical factors. In recent times, Cardano’s (ADA) price has been affected by these same factors, resulting in a decline.
As we approach the end of the month, it appears that ADA is preparing for another major move. Yesterday’s decline might not be the end of the story yet. In fact, according to our analysis, there are chances of a bounce back if the daily candle closes far from $0.9580.
From a midterm perspective, it’s too early to make any definitive predictions about the future of ADA. There are still a few days left before this bar’s closure, and these remaining hours will play a significant role in determining the coin’s short-term trajectory.
However, if the sellers continue to gain momentum and drive the price below $0.90, we might see a test of the support at $0.8173 by the end of the month.
Source: u.today
