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<p>ADA, the native token of the Cardano blockchain, is gaining significant attention from crypto giants despite its ongoing price consolidation. On December 17, 2024, data from on-chain analytics firm Santiment revealed a massive rise in whale activity on the Cardano network, signaling potential upside momentum.</p>   
<h2 class="wp-block-heading" id="h-whale-transactions-surge-on-cardano-network"><strong>Whale Transactions Surge on Cardano Network</strong></h2>   
<p>According to the data, the Cardano network witnessed a substantial 687 transactions, each worth more than $1 million, recorded in the past 24 hours. This highlights whales' rising interest and confidence in the altcoin, suggesting a major price rally could be on the horizon.</p>   
<p>Additionally, these notable transaction details were highlighted by crypto experts on X (formerly Twitter). However, ADA experienced this surge in transactions during a period of consolidation, as it traded within a tight range over the past week.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/ali_charts/status/1868727040545112342 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-cardano-ada-technical-analysis-and-upcoming-level"><strong>Cardano (ADA) Technical Analysis and Upcoming Level</strong></h2>   
<p>According to expert technical analysis, <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">ADA</a> appears to have formed a bearish head and shoulders price action pattern. However, this pattern isn’t yet complete, as the price remains trapped in a consolidation range between $1.07 and $1.14. This range could determine whether ADA moves upward or downward in the coming days.</p>   
<figure class="wp-block-image size-large">
 <a href="https://image.coinpedia.org/wp-content/uploads/2024/12/17055355/ADAUSDT_2024-12-17_05-53-42.png"><img src="https://image.coinpedia.org/wp-content/uploads/2024/12/17055355/ADAUSDT_2024-12-17_05-53-42-1024x449.png" alt="" class="wp-image-393873"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>   
<h3 class="wp-block-heading" id="h-ada-key-levels-and-current-price-momentum-nbsp"><strong>ADA Key Levels and Current Price Momentum&nbsp;</strong></h3>   
<p>Based on recent price action, if ADA breaks out of the narrow range and closes a daily candle above the $1.14 level, the bearish pattern would be invalidated, and ADA’s price could soar by 43% to reach the $1.63 mark in the future.</p>   
<p>Conversely, if ADA breaks down from the range and closes a daily candle below $1, the bearish pattern would be confirmed, and ADA could witness a price decline of 24%, falling to the $0.78 level.</p>   
<p>However, this bearish outlook currently appears manageable, as ADA continues to receive support from an ascending trendline.</p>   
<p>On the positive side, ADA’s Relative Strength Index (RSI) currently stands at 52, below the overbought zone, indicating that the asset has enough room to rise in the coming days.</p>   
<p>Currently, ADA is trading near $1.07 and has recorded a price decline of 2.7% in the past 24 hours. During the same period, its trading volume surged by 50%, indicating heightened participation from traders and investors and rising interest in the asset.</p>

Cardano (ADA) Price Prediction for December 17

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