Cardano

bullish

Divergence

<p>Cardano (ADA) has dipped below the $1 level and is down by more than 17 percent in the last 24 hours. The altcoin is currently facing significant resistance in the range of $1.12 to $1.24 on the weekly chart. The majority of the top 10 cryptocurrencies have slipped into the danger zones, with altcoins like ADA, XRP, and DOGE recording maximum losses.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-support-levels-to-watch"><strong>Support Levels to Watch</strong></h2>   
<p><a href="https://www.youtube.com/watch?v=kSaehyoxkyQ" target="_blank" rel="noreferrer noopener nofollow">As anticipated, the price has been struggling</a> in the current area, showing signs of difficulty in breaking above this range. If ADA manages to break out and close a weekly candle above $1.23 or $1.24, the next immediate resistance level will be around $1.46, based on previous highs. Further resistance lies near the 78.6% Fibonacci level at $1.76 to $1.77.</p>   
<p>If the price of ADA pulls back, there are several key support levels to watch near $0.90 and $0.82. A move below $0.82 could suggest a shift in the market, so traders should keep an eye on these levels for potential signs of a deeper pullback.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Wondering where Cardano’s price is headed? Read our long-term&nbsp;<a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a>&nbsp;to discover expert insights and stay ahead of the curve!</strong></p>   
<h3 class="wp-block-heading" id="h-bearish-divergence-on-the-short-term-charts"><strong>Bearish Divergence on the Short-Term Charts</strong></h3>   
<p>ADA is showing signs of a bearish divergence. The price has formed higher highs, while the <a href="https://coinpedia.org/traders/relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> (RSI) has confirmed lower highs. This suggests that bullish momentum has faded, and there’s a likely chance of sideways price action or even a slight pullback in the coming days or weeks.</p>   [post_titles_links postid="391212"]   
<h3 class="wp-block-heading" id="h-long-term-outlook-bullish-market-continues"><strong>Long-Term Outlook: Bullish Market Continues</strong></h3>   
<p>While ADA is facing short-term resistance and bearish divergence, the larger market remains in a bullish phase. ADA’s price is still maintaining a positive long-term outlook, but it’s navigating through this critical resistance zone for now. However, the overall market sentiment remains bullish. For traders, it's essential to monitor key price action to determine whether a breakout or pullback is on the horizon.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1733813323494">
  <strong class="schema-faq-question"><strong><strong>How high will Cardano go by the end of 2024?</strong></strong></strong> 
  <p class="schema-faq-answer">The price of ADA could surge to a maximum of&nbsp;<strong>$1</strong>&nbsp;by the end of 2024.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733813324729">
  <strong class="schema-faq-question"><strong><strong>How high can Cardano go by the end of 2025?</strong></strong></strong> 
  <p class="schema-faq-answer">According to our Cardano price prediction, the altcoin’s price could hit a maximum of $2.42 by the end of 2025.&nbsp;&nbsp;</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1733813481420">
  <strong class="schema-faq-question"><strong>What is the price of one ADA token?</strong></strong> 
  <p class="schema-faq-answer">At the time of writing, the price of 1 Cardano ADA token was $1.02</p> 
 </div> 
</div>

Cardano Price Prediction Today: What’s Next After 17% Dip?

Table of Contents

CoinPedia News

Other articles published on Dec 10, 2024

Is CRV’s Bullish Momentum Set to Continue?

Microsoft shareholders reject Bitcoin treasury proposal

Binance Futures Announces Listing of Four Altcoin Trading Pairs with Up to 75x Leverage! Here Are...

WisdomTree Registers in Delaware for XRP ETF

USDT Adoption Surges: Outpaces Bitcoin and Nears Ethereum in Wallet Count

Will Crypto Whale’s 10M ONDO Purchase Push ONDO to its ATH?

Join our free newsletter for daily crypto updates!