Based

Cardano

bullish

<p>As Cardano sustains above the $1 psychological mark, the pullback might soon retest the bullish dominance. Will this pullback result in a drop below the $1 mark in Cardano today? Let's find out in our latest Cardano ADA price prediction.</p>  
<h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano Price Analysis</h2>  
<p>In the 4-hour chart, the Cardano price action showcases an ascending triangle breakout rally. However, the breakout rally fails to surpass the critical resistance at $1.35.&nbsp;&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/06155247/image-12-1024x481.webp" alt="Cardano Price Analysis" class="wp-image-390038">
</figure>  
<p><a href="https://www.tradingview.com/x/By2UvUWm/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Creating a peak at $1.32, the overhead supply keeps the bullish growth under check. This results in a pullback, retesting the broken resistance trendline.&nbsp;</p>  
<p>Falling under the R1 pivot level at $1.2526, the Cardano price is currently moving above the broken trendline. The current market price of Cardano is $1.16, with a 1.67% drop in the past 4 hours. This creates a bearish candle, completing an evening star. This increases the chances of a breakdown rally to test the center pivot level at $1.06.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>  
<p><strong>MACD</strong>: Amid the increased selling pressure, the MACD and signal lines have given a bearish crossover and maintain a declining trend.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-will-cardano-hit-1-247">Will Cardano Hit $1.247?</h2>  
<p>Based on the current market sentiment, as Bitcoin falls under the $100,000 barrier after a new all-time high at $103,000, the lack of momentum in the top altcoins warns of an intense pullback. In case of a bearish outcome, the crucial supports are present at $0.96 and $0.80.&nbsp;</p>  
<p>On the other hand, a post-retest reversal from the broken resistance line could challenge the $1.35 supply zone, with a price target of $1.5450.</p>  
<p>Will Cardano reach $10? Find out NOW in Coinpedia’s <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Cardano price prediction</a>, and subscribe to us for the latest crypto updates.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<p><strong>Can Cardano fall below $1?<br></strong>If bearish pressure persists, ADA could drop to critical support levels at $0.96 and $0.80, testing the $1 psychological mark.</p>  
<p><strong>What is ADA's current support and resistance?<br></strong>Support levels are at $1.06 and $0.96, while resistance lies at $1.35 and a potential upside target at $1.5450.</p>  
<p><strong>What is the ADA current price?<br></strong>The ADA token is trading at $1.16, marking a 1.67% drop in the past 4 hours.</p>

Cardano (ADA) Price Prediction (Dec 6th)

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