Cardano

bullish

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The rates of most of the coins are falling today, according to <a href="https://u.today/bitcoin-btc-price-prediction-for-december-18" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1539.png" data-entity-uuid="b1f152bf-8392-48c7-8480-a82509fe0b68" data-entity-type="file" data-caption="Top coins by<a href=&quot;https://coinmarketcap.com/&quot;> CoinMarketCap</a>">
<h2 class="text-align-justify" id="ada-usd">ADA/USD</h2>
The price of Cardano (ADA) has declined by 6.04% over the last 24 hours. <img src="https://u.today/sites/default/files/inline-images/ada1_138.png" data-entity-uuid="2c640b58-db4c-40f7-b64b-8e01621042cc" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
Despite today's drop, the rate of ADA is looking bullish on the hourly chart. If the breakout of the local resistance of $0.9885 happens, growth may continue to the vital $1 area and above. <img src="https://u.today/sites/default/files/inline-images/ada2_135.png" data-entity-uuid="a8e9bb20-a620-4660-a507-cd5a1b5c3cfa" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/ADAUSDT&quot;>TradingView</a>">
On the bigger time frame, buyers are trying to come back to the game after yesterday's decline. If the daily candle closes far from $0.9580, there is a chance to see a bounce back, followed by a test of the $1.05 zone soon. <img src="https://u.today/sites/default/files/inline-images/ada3_122.png" data-entity-uuid="1a10a6d2-65df-413d-929f-a058318e1b02" 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, it is too early to make any predictions, as only a few days remain until the bar's closure.
However, if the sellers' pressure continues and the rate reaches $0.90, traders may witness a test of the support of $0.8173 by the end of the month.
ADA is trading at $0.9847 at press time. <a href="https://u.today/cardano-ada-price-prediction-for-december-19" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Cardano (ADA) Price Prediction for December 19

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