Cardano

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Most of the coins have come back to the green zone after a correction, according to <a href="https://u.today/sol-and-doge-price-prediction-for-december-2" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1508.png" data-entity-uuid="397ff4c7-bd03-47d3-a2fa-cf96a1eff3e4" data-entity-type="file" data-caption="Top coins by<a href=&quot;https://coinmarketcap.com/&quot;> CoinMarketCap</a>">
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
Cardano (ADA) is one of the biggest gainers today, rocketing by 16.54%. <img src="https://u.today/sites/default/files/inline-images/ada1_135.png" data-entity-uuid="ad70a9f1-77e4-4e41-a66e-a2ded08cafca" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
Despite today's sharp rise, the price of ADA is going down after a false breakout of the local resistance of $1.3081.
If the daily bar closes near the support level, there is a chance to see an ongoing drop to the $1.15-$1.20 zone. <img src="https://u.today/sites/default/files/inline-images/ada2_132.png" data-entity-uuid="d968d18a-808d-4e31-b937-1a9c259a2027" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
On the bigger time frame, one should pay attention to the candle's closure in terms of the $1.2424 level. If the bar closes below it and with a long wick, sellers may seize the initiative. <img src="https://u.today/sites/default/files/inline-images/ada3_119.png" data-entity-uuid="66f9398a-a83e-4345-833e-04fa6970ca07" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
From the midterm point of view, one should wait until the weekly candle closes. If it happens near the $1.30 mark and above it, growth may continue to the $1.40-$1.50 range by the end of the month.
ADA is trading at $1.2557 at press time. <a href="https://u.today/cardano-ada-price-prediction-for-december-3" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) Price Prediction for December 3

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