Cardano (ADA) Price Forecast for December 24 | Canada

Hey there! If you’ve been keeping an eye on the market, you might be interested to know that some coins are starting to make their way back into the green zone, according to CoinMarketCap.

Let’s take a closer look at Cardano (ADA). The rate of ADA has seen a slight drop of 1% since yesterday. On the hourly chart, things are looking a bit bearish, as the price of ADA is hovering near the local support. If there’s a breakout of the $0.8931 level, we could see a further decline to the $0.88-$0.89 range.

Looking at the bigger picture, the bulls haven’t been able to hold onto yesterday’s upward movement. If things don’t turn around by the end of the day, sellers might take over again, potentially leading to a drop to the $0.85 zone.

Taking a more midterm perspective, the outlook is leaning more towards the bearish side. If the weekly bar closes around the current prices or lower, traders might be in for a test of the $0.8173 level soon.

At the time of writing, ADA is trading at $0.8961.

Remember, it’s always important to stay informed and make decisions based on the most up-to-date information. Good luck out there!