Cardano

Bitcoin

Million

<p>Cardano (ADA) has seen a strong rally since early November, reaching the upper edge of a megaphone chart pattern. However, after recent gains, the large-cap altcoin has pulled back by about 25%, trading at around $1.01 on Tuesday, December 10, during the mid-London session. </p>   
<p>With a fully diluted market value of $45.5 billion and an average daily traded volume of $4.4 billion, Cardano’s price movement is attracting attention.</p>   
<p>This price volatility has caused significant liquidations in Cardano's leveraged market. In the past 24 hours, more than $24 million was liquidated, mostly from long traders. Additionally, Cardano’s Futures Open Interest (OI) has fallen by over 26%, dropping to around $832 million at the time of writing.</p>   
<h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano Price Analysis </h2>   
<p>As the altseason continues, fueled by capital rotation from Bitcoin (BTC), Cardano has become a popular choice for whales. However, ADA is facing a key support level around $1. After losing the $1.2 level, where 93,000 addresses bought more than 2.5 billion ADA, Cardano must maintain this $1 support to avoid a further drop toward 81 cents.</p>   
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   https://twitter.com/ali_charts/status/1866346604858421623?s=46 
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<p><strong>It's Looking Bullish!</strong></p>   
<p>Crypto analyst Ali Martinez believes <a href="https://coinpedia.org/news/cardano-price-prediction-today-whats-next-after-17-dip/" target="_blank" rel="noreferrer noopener">Cardano’s price</a> is following a similar pattern to its 2020/2021 bull cycle, meaning ADA could remain a solid "buy zone" even if it falls below 80 cents. </p>   
<p>Martinez is confident that ADA will reach new all-time highs in this bull cycle, with a target range of $4 to $6.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Curious about the future of Cardano's price? Check out our <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a> for expert insights and stay ahead of the market!</strong></p>   
<h2 class="wp-block-heading" id="h-cardano-s-strong-fundamentals">Cardano's Strong Fundamentals&nbsp;</h2>   
<p>The recent rise of ADA is heavily bolstered by the <a href="https://coinpedia.org/news/donald-trump-wins-2024-us-election-crypto-voters-play-a-key-role-in-victory/" target="_blank" rel="noreferrer noopener">victory of President-elect Donald Trump</a>, whereby Cardano founder Charles Hoskinson has been working closely with the transition team to ensure <a href="https://coinpedia.org/news/will-donald-trumps-crypto-policies-drive-bitcoin-to-120k-frank-holmes-weighs-in/" target="_blank" rel="noreferrer noopener">crypto-friendly regulations</a>.&nbsp;</p>   
<p>The total value locked (TVL) on the Cardano network has risen to over $555 million and more than 54k daily active addresses.</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"]   
<p><strong>In a market full of unpredictability, Cardano stands out, holding its ground as it prepares for whatever comes next.</strong></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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 <div class="schema-faq-section" id="faq-question-1733825306917">
  <strong class="schema-faq-question">How High Can Cardano Go By the End of 2025?</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-1733825373034">
  <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 Loses 25% in 3 Days: Is This a Buying Opportunity?

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