Cardano

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Sellers are becoming more powerful at the end of the week, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-december-7" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1516.png" data-entity-uuid="0fef3b6e-7047-4802-8c39-b1b5b87f5da9" data-entity-type="file" data-caption="Top coins by <a href=&quot;https://coinmarketcap.com/&quot;>CoinMarketCap</a>">
<h2 id="ada-usd">ADA/USD</h2>
The rate of Cardano (ADA) has dropped by 0.40% since yesterday. Over the last week, the price has risen by 12.69%. <img src="https://u.today/sites/default/files/inline-images/ada1_136.png" data-entity-uuid="c82604ce-ca96-4567-9a08-8c8a43ec0fdc" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
On the hourly chart, the price of ADA is closer to the resistance level than to the support.
If a breakout of the upper line happens, the growth may continue to the $1.22-$1.23 range by tomorrow. <img src="https://u.today/sites/default/files/inline-images/ada2_133.png" data-entity-uuid="6e5dae91-ea91-440d-ad9f-b48dcaa58bd7" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
A similar picture is on the daily time frame. If the rate reaches the resistance of $1.2424 and the bar closes around it, the accumulated energy might be enough for a test of the $1.30 area soon. <img src="https://u.today/sites/default/files/inline-images/ada3_120.png" data-entity-uuid="8356b1b2-b099-44b0-ade8-02336f333ffb" 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, traders should pay attention to the weekly bar closure in terms of the $1.1542 level. If the candle closes above, bulls remain more powerful than bears.
ADA is trading at $1.2109 at press time. <a href="https://u.today/cardano-ada-price-prediction-for-december-8" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) Price Prediction for December 8

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